Tuesday Evening Bitcoin and Ethereum Latest Market Analysis
Recently, we have been providing a pullback long strategy. We have repeatedly shorted to capture low pullbacks and decisively placed long positions, achieving consecutive victories. Reviewing the afternoon long strategy, we emphasize that in live trading, one should not blindly chase longs; instead, short positions can be lightly tested to capture pullbacks. Those who followed the two waves of pullbacks given in the afternoon should have secured hundreds of points in profit. Currently, the live trading price is around the 95200 level, and the bulls have been exceptionally strong during the day, delaying the entry for long positions. This evening, we still maintain the strategy of buying at low levels, and in the short term, one can lightly short at high levels to capture pullbacks.
From a technical perspective, the 1-hour chart has formed a multiple bottom structure, and the 1-hour moving average has also begun to turn upwards gradually. If it can turn upwards and form a golden cross, the 1-hour bulls will gain strength again. After the price pulls back to just below the upper Bollinger Band and meets resistance, it shows a trend of fluctuating upwards. This indicates that the market still has strong upward momentum after the pullback. Therefore, continuing to buy during pullbacks and maintaining a bullish outlook is a reasonable choice.
Trading Suggestions:
Bitcoin in the 94300-94700 range, target 96000.
Ethereum in the 1770-1800 range, target 1900.
