Thursday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions
Recently, the market has been in a heated stage of long and short battles, neither achieving effective breakthroughs nor repeatedly creating lower points during declines. Overall, it can still be seen as a broad range oscillation pattern. In the early hours, prices once again tested higher levels. Relying on a strategy of going long at low points and short at high points, we have successfully captured a space of 1600 points, with Ethereum also yielding over a hundred points profit. The new trading day has begun, and we will continue to accurately grasp every opportunity.
The daily structure still shows a doji star, with recent upward tests repeatedly suppressed by the strong resistance at the 112500 level, failing to form an effective breakthrough. Currently, it remains in a high-level tug-of-war phase between longs and shorts. Although the overall trend has not weakened, the pullback has not completely swallowed the recent gains. However, given the consecutive failed attempts to rise, there is a need to be cautious of a certain pullback risk in the market. The four-hour level has repeatedly shown 'door painting' market behavior, and the short-term performance of rising and then falling is more in line with oscillation characteristics rather than unilateral strength. The tug-of-war between longs and shorts may still continue this week. The 4-hour chart shows that prices have repeatedly tested higher before pulling back to support at the starting point; if this position can be held, there is still hope for further upward movement in the future. If it fails to hold, it may turn to a decline. In the short term, the market is likely to continue oscillating with frequent transitions between longs and shorts, requiring a flexible response.
Trading Suggestions:
Buy in batches in the range of 110500-111000 for Bitcoin, targeting 113000;
Enter long in the area of 4480-4500 for Ethereum, targeting 4600.
Set a stop loss below 110200 for Bitcoin, and below 4470 for Ethereum.
