Tuesday Afternoon Market Update

Bitcoin corrected after surging to 102500 at midnight on Monday, currently dipping below 101700 but not reaching 101500. The bottom support remains intact, and the short-term outlook is seen as fluctuating.

The four-hour K-line is fluctuating near the upper track, and the market is due for a correction, with signs of a top divergence and a death cross in the MACD.

It is difficult for the market to make a significant retracement. We should respond with a top-bottom conversion approach, as the 100,000 mark has strong support. The morning saw a weak bearish encounter at the upper limit, and if 101500 holds, we can go long with the trend.

Operation Suggestions

Bitcoin: Long at 101500 - 101000, target 103000.

Ethereum: Long at 3665 - 3650, target 3750.

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