2.18 Tuesday Afternoon Bitcoin Ethereum Trend Analysis
From the current market situation, affected by the bearish signals released by Bowman, even though the US stock market is closed, the cryptocurrency market remains volatile. Bitcoin's price has once again fallen back to the 95200 range, and Ethereum has also ended its previous strong upward momentum, retreating back to 2680. However, the bullish strength is starting to recover, and there are positive news expected for Ethereum tomorrow, suggesting that opportunities for long positions may arise during the pullback.
From the four-hour candlestick chart analysis, the signs of a bullish breakout are very clear, with the Bollinger Bands opening upwards, indicating that the upward space above has been further opened, and the subsequent trend looks promising.
Based on the above analysis, the following operational suggestions are provided for the afternoon:
- Bitcoin: Go long in the 94800 - 95300 range, with a target price looking towards 96500 - 97500.
- Ethereum: Go long in the 2680 - 2700 range, with a target price around 2850 - 2900.
