Yesterday's market has already concluded, with some feeling joy and others feeling concern. Friends who participated in the market with Old Li's approach to engage in trading surely reaped plentiful rewards, while the opposite is likely not ideal; the strategy analysis provided in the early hours of yesterday indicated a bullish reversal across the board, with operations to buy on dips being maintained. The lowest dip for Bitcoin was around 109400, while it rose to a maximum of 112568. For Ethereum, the lowest dip was around 4502, and it peaked at 4662. Our positions in Bitcoin and Ethereum collectively earned 2942 points and 208 points of space respectively; this market is indeed favorable for trading. If you still can't find direction daily and are blindly trading, why not make a change sooner? Perhaps one choice could change your current situation.
Bitcoin exhibited a bottom rebound pattern yesterday, and today it continues with the same trend. Currently, there are two consecutive daily candles moving upward, with elongated lower shadows and established effective support below. The upward momentum remains strong, and the price has already distanced itself from the lower Bollinger Band. However, the short-term movements are somewhat erratic, so buying on dips remains the top choice, and it's best to avoid short positions; Ethereum's daily candle recovered half of the lost space yesterday and continues the bullish trend today. Currently, there is a small upward candle, and the price has distanced itself significantly from the middle Bollinger Band support, showing a strong bullish market. The trend remains unchanged, and our bullish outlook does not waver; the volatility base is quite large, especially during the opening hours of the US stock market, which tests the precise entry points and timely adjustments, thus enabling effective changes in the positions; the early morning operations remain unchanged, and the dips provide us with opportunities to buy.
Bitcoin can be bought around 112000-111500, targeting near 113800; Ethereum can be bought around 4610-4580, targeting near 4750. #ETH走势分析 $BTC