Wednesday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions
Today's market has been quite tedious, oscillating within a narrow range throughout the day, resulting in limited overall volatility. However, there are corresponding trading methods for oscillating markets. We managed to grasp the rhythm of the day fairly well, responding with short-term and ultra-short-term approaches, which ultimately yielded good returns. The morning market saw a slight surge, peaking around 112300 before facing pressure and retreating; in the afternoon, it dropped to a low of around 110300. Currently, the coin price is near 111000.
From a technical structure perspective, the daily level still maintains a strong upward trend, with moving averages and auxiliary indicators signaling a bullish bias, and no effective pullback has changed the current pattern. The short-term trend on the 4-hour level leans towards oscillation, with back-and-forth tug-of-war between bulls and bears, and the amplitude is limited; a clear reversal has yet to form, so the overall focus remains on oscillating upwards. Therefore, in the oscillating market, we continue to maintain a low bullish mindset, viewing pullbacks as entry opportunities. Currently in a low consolidation phase, the K-line pattern is also leaning towards bullish, and we suggest continuing to buy on dips.
Trading Suggestions:
Bitcoin buy orders in the 110500-110000 range, target 113000
Ethereum buy orders in the 4560-4540 range, target 4650
Bitcoin defense below 110200, Ethereum defense below 4530
