Bitcoin and Ethereum Market Analysis: Main Bullish Strategy Remains Unchanged, Ethereum More Explosive
Bitcoin (BTC): The 110,000 Mark Determines Bullish or Bearish, Starting Point Fluctuates to Find Direction
Bitcoin's daily chart has formed a bearish doji candle, currently undergoing fluctuations along the lower Bollinger Band, with prices having fallen back to the starting point of the previous uptrend. The short-term is entering a critical stage of bullish and bearish contention.
The core anchor point of the current market remains the 110,000 USD integer mark: it is not only key to gains and losses but also serves as the neutral dividing line for bullish and bearish battles. If it can successfully reclaim this level and stabilize above it, bullish momentum will be reactivated, potentially ushering in a new round of upward movement; if it continues to be pressured below this level, caution is warranted for the risk of further fluctuations. In terms of short-term performance, Bitcoin has not shown effective pullbacks, and the overall upward foundation remains intact, maintaining a bullish outlook for the future.
Ethereum: Daily Chart Strongly Leading, Strong Expectations for Bullish Counterattack
Ethereum's daily performance is stronger than Bitcoin’s, with a more advantageous market structure:
- After previously bouncing from a bottom, the lows have continued to rise, forming a clear ascending staircase; although there are short-term fluctuations, the daily chart has quickly reclaimed nearly half of yesterday's losses, showcasing strong recovery ability;
- Currently, the daily chart shows signs of stability around the middle Bollinger Band, and this pullback has not breached previous lows, representing merely an amplified phase of correction, a normal accumulation in the upward process that has not disrupted the overall bullish pattern.
In summary, Ethereum's trend potential is more promising, and the market is expected to deliver more surprising performances, with our firm bullish expectation for a continuation of the counterattack.
Operational Strategy
Currently, both major cryptocurrencies remain within the bullish trend framework, with Bitcoin exhibiting greater volatility, making buying on dips the preferred strategy. It is recommended to maintain a “buy on pullbacks” rhythm, gradually establishing long positions based on key support levels to seize trending opportunities. $BTC $ETH
