1. Market Review and Core Logic
On Tuesday, the cryptocurrency market continued its volatile pattern, with Bitcoin (BTC) and Ethereum (ETH) maintaining daily fluctuations within a thousand-point range, exhibiting box-like oscillation characteristics. The morning strategy recommended high short positions after the market rebound, with short-term operations focused on the edges of the range. Although the cumulative profits from each operation were limited, the compounding effect was significant. Current technical structure shows that BTC has encountered resistance as it continuously rebounds to the 95500-96000 area, with bullish momentum weakening, but the support below is solid and the lows are rising (e.g., 93000-93500), indicating that the market has entered a typical bullish correction phase. The extension of the oscillation cycle is beneficial for solidifying the bottom foundation and building momentum for the subsequent trend.
The market is currently in a technical recovery window, with frequent switches between long and short positions for Bitcoin, while overall maintaining an upward trend framework. The extension of the oscillation cycle helps to digest short-term overbought pressure and solidify the bottom structure. Investors need to focus on key support and resistance levels, primarily engaging in range trading, while also being alert to potential disruptions to the market from global macro risks (such as interest rate policies and geopolitical events). From a medium-term perspective, if BTC can effectively stabilize above 93000, the probability of breaking new highs in the future still exists.
Bitcoin Technical Analysis: The hourly chart shows a rhythm of oscillation and upward movement, with rising lows constituting bullish correction characteristics, maintaining range operation logic before breaking out.
Trading Suggestions:
High Short Strategy: Light short positions when rebounding to the 95000-95500 area, stop loss above 96000, target 93000-93500.
Low Long Strategy: Gradually accumulate long positions when retracing to the 93000-93500 range, stop loss below 92500, target 95000-95500.
Breakout Response: If there is an effective breakout above 96000 or a drop below 92500, adjust the direction accordingly and pay attention to trend continuation signals.
Ethereum Technical Analysis: Resistance level: 1830-1850 (core pressure zone for the day) Support level: 1700-1730 (defensive range below)
Trend Judgment: In sync with BTC rhythm, focus on selling high and buying low in the short term, and adjust strategy after breaking above 1850 or dropping below 1700.
Trading Suggestions: Range operation: short positions under pressure in the 1830-1850 area, stop loss at 1870, target 1700-1730; after stabilizing upon retracing to the support zone, take long positions, stop loss at 1680, target near 1830.
