The market on Tuesday has also come to an end. In the morning, the Bitcoin price experienced a surge, reaching a peak around 106,853. Afterward, the overall market trend has been weak, with a hesitant and back-and-forth movement. The general direction remains positive, and the overall operation is still within expectations. In the evening, the Bitcoin price hit a low of 104,184 and rebounded. Currently, the price has risen again to above 105,000. Ethereum's intraday trend has been relatively weak, mainly leaning towards a bearish correction. There was a slight rebound in the evening, but the strength was not significant. Today, we are still generally focusing on bullish positions, and the situation remains quite promising!
The current four-hour chart shows that the market has established a clear strong upward pattern. If the price can successfully recover and stabilize above the middle upper track in the short term, this will be a strong signal of an impending market reversal. Today's intraday candlestick has risen along with a strong bullish candlestick, and its trajectory has returned between the middle and upper tracks, showing strong intent to challenge and test the upper track boundary. Therefore, the strategy for midnight is to follow the trend and be actively bullish.
Trading Suggestions
Buy Bitcoin at 104,000-104,500 Target 107,000
Buy Ethereum around 2,450 Target 255,096,933,002,234