Tuesday midnight strategy, Bitcoin and Ethereum latest market analysis and summary
Looking back at the evening bullish strategy, it was perfectly realized. The evening spot trading touched the low point near 93400, followed by a surge. In the evening spot trading, we decisively placed long positions and successfully secured a 1168-point profit before exiting. As for the morning, we also provided the strategy to buy on a pullback. Although the real trading did not give us the expected pullback space, our morning trading layout for long positions also secured a 402-point profit. In the afternoon, the intraday market mainly moved in a range-bound manner without significant fluctuations. In the evening, we seized the opportunity to reverse and place short positions, successfully capturing a 547-point profit on the pullback before exiting. In real trading, the back-and-forth conversion between long and short positions is something we continuously emphasize. Today, we executed three trades and captured two migrations of remaining points. At midnight, we still maintain the strategy to buy on a pullback.
From the daily chart of Bitcoin, it has rebounded twice from the bottom in succession. After testing the low point of the range, it immediately rebounded, and the price comparison also quickly rose. After a strong surge, it rapidly closed with a pin bar, with the daily lower shadow line extended. There have been multiple tests of the previous low point, and the support below remains quite strong, indirectly indicating that the short term is still stuck within the range. The previous wave of increase only intensified the tug-of-war within the range. In the future, we should continue to treat it with a wide fluctuation strategy. We just need to grasp the entry points well, as both long and short positions offer good spaces; from the 4-hour chart, Bitcoin and Ethereum are still hovering near the low point of the range, making the strategy clearer in the early morning. One can go long at the low and then short at the high after the price rises, which will keep our positions undefeated. Grasping the entry points well, this market can accumulate positions most effectively.
Midnight operation suggestions:
Buy Bitcoin in the range of 93500-94000, target 96000.
Buy Ethereum in the range of 1730-1760, target 1850.
