Tuesday, Bitcoin and Ethereum Morning Insights

Bitcoin continues to consolidate during the day without breaking through the key resistance above. The price has shown a slight upward movement after a short-term pullback to the 93300 line, currently trading around 94500. The strategy remains to consider low long positions, while temporarily not considering shorts, focusing mainly on long positions.

From a technical perspective, on the daily chart, yesterday's candlestick formed a doji, indicating a balance of power between bulls and bears. The current price is stable above the five-day moving average, which has started to trend upwards. The four-hour chart shows a trend of upward consolidation, overall appearing to be in a high-range fluctuation, so it is recommended to consider buying on dips.

Tuesday's Recommendations

Bitcoin 94000-4500 buy, target around 97000

Ethereum 1760-1780 buy, target 1880

A precise plan is hard to come by, thus a skilled mentor is rare to find, and a solid strategy is essential! Instead of waiting for the wind to come, it’s better to chase the wind!

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