Tuesday midnight Bitcoin and Ethereum market analysis and daily summary
From the current market observation, the 4-hour level shows that after two consecutive days of positive gains, the price encountered significant resistance above 87700, and then switched to a gradual pullback. Currently, the price is consolidating around 86400, with the Bollinger Bands opening downwards. The key short-term support is around 86000, and the price is currently attempting to test upwards relying on this support. The 1-hour level shows a slightly strong oscillation pattern, the Bollinger Bands are narrowing indicating a decrease in volatility, KDJ has formed a golden cross above 50, RSI is around 48.9 showing a neutral to slightly strong state, MACD has a golden cross below the zero axis but the momentum is weak, so caution is needed for risks of falling back after a rise. Overall, the market is still in a phase of range oscillation correction. In the short term, if the oscillation structure continues, attention can be paid to high selling and low buying opportunities.
Operation suggestions:
Focus on the 85800-86300 range for long positions in Bitcoin, targeting around 88500
Focus on the 2870-2890 range for long positions in Ethereum, targeting around 3000
If Bitcoin cannot stabilize in the 88000-88500 range, or if Ethereum fails to effectively break through the 2970-3000 range, consider a reversal to short positions.
