Afternoon Market Analysis and Trading Strategy: Cautiously Bullish, Strict Risk Control
Overall Market Trend Analysis
From the current technical structure, the price on the four-hour level has not effectively stabilized above the middle Bollinger Band, and the overall Bollinger Bands still show a downward opening trend, indicating that the market has not completely shaken off bearish pressure. A death cross signal has appeared on the hourly chart, and caution is needed regarding short-term pullback risks. Although the four-hour MACD shows that bullish momentum has not completely waned, the moving average system is still operating below the zero line, indicating that the current rebound is still weak and the trend has not truly reversed.
In this situation, trading should remain cautious; a strategy focusing on low buying may be considered, but it is essential to pay attention to position management and stop-loss settings to avoid unnecessary losses due to market fluctuations.
Bitcoin (BTC) Trading Strategy
Pullback Buying Range: 112850 - 113550 USDT
Target Price: Around 115500 USDT
Stop-Loss Suggestion: Can be set below 112200 USDT
If the price pulls back to the above support area and stabilizes, consider gradually building long positions, being careful to manage position sizes and avoiding heavy trades before the trend is clear.
Ethereum (ETH) Trading Strategy
Pullback Buying Range: 4180 - 4250 USDT
Target Price: Around 4425 USDT
Stop-Loss Suggestion: Can be set below 4150 USDT
ETH's trend still correlates with Bitcoin; if it pulls back to the support area and shows signs of stopping the decline, a small position can be considered for long trades, focusing on quick entry and exit, and avoiding greed.
