Sunday Afternoon Bitcoin Ethereum Latest Market Analysis
Reviewing yesterday evening's suggestion to go long on Ethereum, it continued to rise in the early hours, reaching a high near 1853, and then faced pressure and fell, currently oscillating around the 1800 level for correction. Yesterday's market moved slowly, with Bitcoin oscillating around 94000 throughout the day to build momentum. This was emphasized throughout the day, and was validated this morning when Bitcoin made a rebound, reaching a high near 95280. Weekends are like this; although the market moves slowly, it will eventually arrive. We continue to maintain the recent long strategy this afternoon, and short-term traders can try going long with a light position, while conservative traders should wait for a pullback before positioning.
In the daily structure of Bitcoin, the K-line is arranged at the upper boundary of the range, with a short entity and a long upper shadow, indicating an overall pressured state. In the four-hour structure, the K-line remains horizontally arranged, and the Bollinger Bands are parallel and shifting right, also indicating a bland market in the future. In the hourly level, there is a tug-of-war between long and short positions at a smaller scale, still in a balanced state, with support levels remaining relatively strong. In the future, we will continue to capture rebounds within the range, synchronizing with Ethereum.
Trading Suggestions:
Go long in the range of Bitcoin 93200-93700, target 95000.
Go long in the range of Ethereum 1730-1780, target 1850.
