Tuesday Afternoon Bitcoin and Ethereum Latest Market Analysis
In the morning, we provided a long position strategy, and in the afternoon, as expected, we reached a pullback low near 94300. Currently, the market has touched around 94700, allowing us to implement our long position strategy at lower levels. We continue to maintain our long position strategy from recent days; short-term traders may try small positions, while conservative traders should wait for a pullback to re-enter.
From the four-hour chart perspective, every time the market pulls back to the lower Bollinger Band, it quickly rebounds back to the upper band. Currently, the market is showing strong performance during high-level fluctuations. The short-term small scale has already pulled back to the Vegas channel, and once it touches here, it rebounds. If the rebound can stabilize at the middle band, it will push the one-hour level to continue fluctuating upwards. The MACD at the one-hour level has crossed above the zero axis and has adjusted twice, creating a golden cross, which allows for greater continuity in the market.
Trading Suggestions:
Long Bitcoin around 94000-94300, target 96000
Ethereum around 1770, target 1850.
