Looking back at yesterday's market, Bitcoin once again broke through a new high before pulling back to the current level. The market has seen a tug-of-war between bulls and bears, with the day session dominated by bullish sentiment and the evening session leaning towards bearish. We successfully captured the bullish trend during the day session, securing a profit of 2252 points in Bitcoin and 67 points in Ethereum in the morning, followed by another gain of 1325 points in Bitcoin in the afternoon. As always, the market is full of opportunities; by seizing each chance, success is not far away.
The momentum for unilateral upward movement is weakening marginally, but after yesterday's pullback test, the support level has shown significant resilience. Although market sentiment has cooled, the overall tone remains relatively optimistic. From a technical perspective, the price quickly stabilized and rebounded after touching the short-term moving average support, confirming sufficient buying pressure below. Overall, the market is likely entering a phase of consolidation, and once the profit-taking chips are fully digested, an upward trend may continue.
Tuesday's trading suggestion: Bitcoin range 119000-118500 bullish, target 121000, stop loss 118000.
Tuesday's trading suggestion: Ethereum range 2960-2930 bullish, target 3100, stop loss 2850.
