12.112 Afternoon Bitcoin/Ethereum Analysis Short-Term Entering Strong Bullish Phase Breakthrough Stabilizing in the Blink of an Eye
12.112 Afternoon Bitcoin/Ethereum Analysis Short-Term Entering Strong Bullish Phase Breakthrough Stabilizing in the Blink of an Eye
Today's exchange rate has also surged to around the high point of 101880 before starting to face pressure and pull back. The strength of the pullback is relatively not significant, with the lowest price during the afternoon retreating to around 100309 before starting to rebound. It has touched the 101812 line again. It is evident that the attempt to break through the 102000 level still lacks some strength. On the Ethereum side, the price has been gradually rising throughout the day.
From a daily chart perspective, the current exchange rate has also broken through the strong support of the mid-track. Although there has been a breakthrough, it lacks a certain degree of continuation. Once the decline enters a stagnation, there is a high probability of a rebound. Looking at the recent trends over the past month, whenever the market shows stagnation or slow progress, there tends to be a significant degree of reverse movement. Therefore, while the short-term structure is slowly at a low point, accompanied by a rebound, the risk is that the rebound trend appears, and the decline stops with a certain obvious anti-fall performance. In the future, it still maintains a low position to seize the rebound.
In the short-term 4-hour chart, the coin price has formed a clear V-shaped reversal pattern, with signs of continuation. After breaking through the level pressure of 100,000, the head and shoulders bottom trend continues to rise. It is currently stabilizing at the mid-track, and although there is some stagnation, it has not given a significant signal for a large pullback. After a brief correction, it may continue to rise. The current bullish trend is strong, allowing for buying on the pullback. The 4-hour coin price has entered a strong bullish phase in the short term. Although it still faces upper track pressure, the stability of the mid-track has highlighted its strong momentum. All indicator lines are pointing upwards. This pattern is continuously gaining strength, and breaking through and stabilizing above it is just a matter of a moment.
Thursday Afternoon Operation Suggestions (Writing Time 17:00)
BTC: Buy around 100500-1000000, target around 101500
ETH: Buy around 3910, target around 3990
Be sure of the trend and don't hesitate; leave professional matters to professionals.
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