4.29 Tuesday Morning Bitcoin and Ethereum Latest Market Analysis
Last midnight, we provided a bullish strategy that perfectly paid off. Last evening, Bitcoin experienced a significant pullback, but as anticipated in our strategy, it ultimately returned to around the 94800 level. Friends who followed the strategy should have gained a thousand-point move. Currently, in the morning market, it has risen to around 95200, and there still seems to be an upward trend. Aggressive traders can take a light position to capture the continuation of the wave. We continue to focus on buying on dips this morning.
From the current market perspective, the daily chart for Bitcoin has turned bullish again, recovering from yesterday's bearish candle. It has not yet broken the consolidation of the daily range, but the Bollinger Bands are still opening upwards, indicating a strong market performance. Looking at the short-term four-hour chart, it touched the lower band and stopped the decline early in the morning. The Bollinger Bands are still in a contracting state, but with the current recovery, the K-line's operating range has once again risen to near the upper band, with the potential to break the recent resistance at 95700 for a continuation of the bullish trend.
Trading Suggestions:
Buy Bitcoin in the 94500-95000 range, target 96000.
Buy Ethereum in the 1730-1780 range, target 1880.
