Monday evening thoughts, Bitcoin and Ethereum latest market analysis
Reviewing the bullish outlook given during the day, it perfectly materialized. After touching the low point around 103500 in the morning, a rebound began. We captured a space of 985 points and exited. Subsequently, we maintained a bullish outlook, and due to the tariff news being finalized, there was a significant spike in the afternoon, touching the high point around 105600. We decisively positioned ourselves again and captured another 1359 points. With two consecutive wins, we secured over two thousand points. Old Tian continuously emphasized not to short when bearish, but to go long in the direction of the trend, and not to be trapped to suddenly realize this. Currently, the bulls are still strong, and we will maintain the strategy of buying on dips this evening.
On the four-hour K-line level, after breaching the 106000 level, although there was a pullback, the price never fell below the key support level of 102000, and multiple lower shadow lines formed at this position. This indicates a strong buying support force below. The RSI indicator only slightly retreated to around 60 during the pullback and has not entered the oversold area, suggesting that the bullish strength still dominates.
Trading suggestions:
Bitcoin: Range of 103300-103800, target 106000
Ethereum: Range of 2480-2520, target 2800.
