#Blockchain[Super Topic]#
3.5 Evening Market In-Depth Analysis！
The afternoon strategy has clearly indicated that if the support level at 86540 is not broken, we continue to be optimistic about the rebound. The price fluctuated within a narrow range near 97000 in the afternoon, and the price volatility increased in the evening, once spiking to 90800. During this round of rising, our pre-deployed long strategy has achieved significant results, with Bitcoin realizing an increase of over 2500 points, and Ethereum also gaining a profit margin of 56 points.
The 4-hour chart analysis of Bitcoin shows that after experiencing a previous downtrend, it has recently shown signs of rebound. The candlestick pattern has formed a “bearish engulfing” pattern, indicating significant selling pressure, but the price has recovered from a deep decline and successfully broken through the middle band of the BOLL indicator, approaching the upper band. The increase in volatility and the rise in buyer activity suggest a possible attempt to break through the upper band in the short term. However, the current area also constitutes strong resistance, and caution should be maintained in operations, considering high short strategies. It is recommended to
Bitcoin: near 90500-91300 Target near 87000
Ethereum: near 2180-2250 Target near 2200 $BTC