Tuesday Afternoon Bitcoin and Ethereum Trading Ideas and Strategy Analysis

Multiple buy signals have been provided, with many entry opportunities for Bitcoin and Ethereum. After taking profits for the first time yesterday, I mentioned continuing to buy on dips. It became even more insane in the evening, directly advising everyone to buy at the current price, without waiting for a pullback. As a result, this morning both Bitcoin and Ethereum reached our expected positions. Bitcoin's swing trade saw an entry around 107600 in the early hours, with a take profit target moved to 110500, capturing nearly 3000 points of movement, while Ethereum's swing trade also had a 185-point gain. What is this? This is mastery of the trend and recognition of one's own capabilities, which is why I can be the first to take the plunge.

Bitcoin successfully stood above the 106500 mark on the daily chart and strongly continued to rise, which is above the middle line of the daily chart. Previously, this position was mentioned multiple times as a critical point for the transition between bullish and bearish. Above this position marks the beginning of a bullish return. Currently, after a rise on the daily chart, there has not been a significant pullback, but rather a steady release of bullish momentum. The market is still in a strong upward phase, and high-level fluctuations or corrections may become the main theme today, with the rate of increase possibly slowing down. However, the overall trend remains positive, and there is still the potential for further bullish stretches. A sideways market indicates strong corrections, while pullbacks may indicate weak corrections. Strategically placing buy orders around the low points after pullbacks will be a relatively safe strategy. If the market does not experience excessive pullbacks, then it is advisable to follow the trend and continue to seize bullish opportunities.

Trading Suggestions

On Tuesday afternoon, Bitcoin can be bought around 109000, with the initial target focusing on 111000.

Ethereum can be bought around 2640, with the initial target focusing on 2780. $BTC $ETH