Tuesday Afternoon Bitcoin Ethereum Latest Market Analysis
Looking back at the afternoon, our long strategy has been perfectly fulfilled. The live market retraced to around the low point of 94100, matching our expected levels, and then started to rebound, climbing up to around 95000. In the live market, we also decisively positioned ourselves and successfully captured a space of 665 points before exiting. Currently, the live market is fluctuating around 94800 for a correction. This afternoon, we continue to maintain the strategy of waiting for a pullback to enter long positions. In the short term, one can try small short positions to capture pullback waves.
Bitcoin has recently tested the support level around 94000 multiple times, which serves as a short-term dividing line between bulls and bears. If the price stabilizes here, it may trigger a technical rebound. The current price is near the middle band of the hourly Bollinger Bands, and the bands have not significantly contracted, indicating that short-term volatility may increase. Previously, the price reached the upper band; if it breaks the middle band with increased volume, it may open up upward space to 96000-98000. The MACD indicator shows that the DIF line is still above the DEA line; although the histogram is shortening, indicating weakening upward momentum, a death cross has not formed, suggesting that the bullish trend has not completely reversed. If the DIF expands again relative to the DEA, it may drive the price further upward.
Operational Recommendations:
Long Bitcoin in the 94000-94500 range, target 95500.
Long Ethereum in the 1770-1800 range, target 1880.
