Every fluctuation in the market tests our beliefs. A drop does not signify an end, but rather the brewing of new opportunities; volatility is not a reason for fear, but a sharpening stone for wisdom and courage. Last midnight, the Bitcoin market entered a phase of sideways consolidation without significant fluctuations. After dipping to a low of 94310, the price rebounded and has since been fluctuating within the range. Ethereum’s market is also consolidating within the range of 1810-1780.
According to the current market conditions, the four-hour level shows that after a slight pullback, there is strong support below, and the price has rebounded. The market is consolidating just below the upper band of the Bollinger Bands, in a high-level consolidation, with both bulls and bears pulling against each other. Trading volume is relatively stable. The one-hour level shows the price moving upward in a step-like manner, but relatively slowly. The KDJ indicator shows all three line values around 50, indicating a stalemate between bullish and bearish forces. Therefore, in the morning, we can trade in the form of going long when the price is high and short when the price is low.
Saturday morning analysis and trading suggestions for Bitcoin and Ethereum
On Friday, Bitcoin's price stopped after a dip from the morning high of 94409 to the low of 92788 and then showed a fluctuating upward trend, reaching a high of 95769 in the evening. Ethereum's movement was in sync with Bitcoin, dropping from the morning low of 1790 to a low of 1738, followed by a rebound, with the price peaking at 1827 in the evening. During the day, the layout for Bitcoin was three long positions and two short positions, and for Ethereum, it was one short and one long position, all successfully executed as planned. In the early morning, a long position for Bitcoin was set up near 92724 and exited near 94163, gaining 1440 points. A short position for Bitcoin was set up in the morning near 93779 and exited near 92883, securing 900 points. A long position for Bitcoin set up at noon was entered near 93247 and exited near 94150, achieving 900 points. In the evening, a short position was first established for Bitcoin near 94775 and exited near 93957, gaining 800 points, followed by a long position for Bitcoin entered near 94285 and exited near 95571, securing another 1300 points. The layout of three long and two short positions for Bitcoin during the day achieved a total of 5340 points. The short position for Ethereum set up in the morning was entered near 1782 and exited near 1745, gaining 37 points. The long position for Ethereum set up in the afternoon was entered near 1768 and exited near 1819, securing 51 points. The total points gained from the one short and one long position for Ethereum during the day was 88 points. Since the students have followed Brother Sheng's real-time guidance, they have truly stepped onto the fast track to making money! While not claiming to get rich overnight, making steady small profits is still quite easy. With his precise strategy, Brother Sheng leads his students to seize opportunities, and the growing positions are tangible profits.
No matter how rugged the road ahead may be, as long as we hold on to our beliefs, nothing can stop our steps forward. The crypto world is not only a game of money but also a contest of dreams and courage. Here, everyone is the master of their own fate, and every choice determines the direction of the future. On Friday afternoon, the Bitcoin market showed a fluctuating upward trend, with the price gradually rising after pulling back to a low point of 92788 at noon, reaching a high of 94362 in the afternoon. Ethereum's market also rose from a low of 1738 at noon to a high of 1793 in the afternoon. In the afternoon, Brother Sheng entered a long position for Bitcoin near 93247 and took profits near 94150, gaining 900 points of space.
According to the current market situation, the four-hour level shows that the market is running above the middle track of the Bollinger Bands, but it is evident that there is strong pressure above. The multiple attempts by the bulls to push higher have not yielded significant breakthroughs. The MACD indicator values are in the negative zone, indicating that the bullish momentum is being consumed. From the one-hour level, the market made a strong upward stretch breaking through the upper track of the Bollinger Bands, but the KDJ indicator's J value has already entered the overbought zone, increasing the probability of a pullback after reaching a high. In tonight's operations, we can approach with a mindset of shorting at high points.
On Friday, the Bitcoin market tested the high point of 94409 in the morning and faced resistance, dipping to a low of 92788. It then oscillated around 93000. Ethereum followed a similar trend to Bitcoin, rising quickly to the 1790 high before retracting, hitting a low of 1738 before stopping and gradually rebounding. In the morning, Sheng Ge's positions for Bitcoin and Ethereum short orders were entered around 93779 and 1782, respectively, and exited around 92883 and 1745. The Bitcoin short order captured a space of 900 points, while the Ethereum short order captured 37 points. Every day there are countless opportunities that slip by, but those who can truly seize them are often those with sharp insights and decisive execution. I have always believed that knowledge is power, and correct guidance is the beacon on the road to success. Therefore, Sheng Ge is committed to helping every student who trusts him find their wealth code by sharing market dynamics in real time and conducting in-depth analyses of investment logic.
According to the current market, the four-hour level shows the market is in a four consecutive bullish stance moving upward but clearly facing resistance above, giving some room for price retraction. However, this retraction lacks continuity, and the price is gradually rebounding after the retraction. Thus, this retraction can be seen as a corrective adjustment in the upward process. From the one-hour level, after experiencing a previous spike and drop, the market has gradually climbed above the middle band of the Bollinger Bands, which are opening upwards. The bullish momentum is displaying a continuous bullish stance, and the KDJ lines are turning upwards. Therefore, it seems that the previous retractions are all for the purpose of charging up the bulls, so in the afternoon, the strategy should maintain a low-buy approach after the retraction.
Bitcoin can be bought near 93000, targeting 94500.
The cryptocurrency market is a field full of unknowns and possibilities. Here, those who are brave enough to explore the unknown and dare to try innovation will eventually reap their own success. Do not fear failure, for each failure is a valuable experience on the road to success. The Bitcoin market was relatively slow at midnight yesterday, with little change in price. The midnight market first saw a slight pullback, reaching a low of 92969 before stopping, and then began to rebound, with the highest point reaching around 93539. The Ethereum market followed a similar pattern, first retreating to a low of 1749 before rebounding to around 1765.
According to the current market conditions, the four-hour level shows that the market is gradually approaching the upper Bollinger Band with a three consecutive bullish candle formation. The Bollinger Band is opening upwards, indicating strong bullish momentum, with all moving averages advancing together, suggesting the continuation of an upward trend. From the one-hour level, the market has stabilized above the middle band, currently maintaining a slow upward trend with small steps. Although bears have made some counterattacks along the way, their strength is not significant, and the moving average indicators in the short cycle are still showing bullish divergence. Therefore, morning operations should primarily focus on bullish positioning.
On Thursday, after experiencing a wave of pullback, the Bitcoin price reached a low point around 91619 and immediately welcomed a strong rebound, with the evening price peaking at around 93429. Ethereum's daily movement synchronized with Bitcoin, as the price fell from a morning high of around 1806 to a low of around 1722 before starting to warm up and move upwards, currently hovering around 1775. Throughout the day, Sheng Ge's Bitcoin strategy included two long positions and one short position, as well as one long and one short position in Ethereum, all of which were successful. In the early morning, a long Bitcoin position was entered around 92541 and exited near 94159, securing a profit of 1600 points. During the afternoon, a short position was established during a pullback, entering Bitcoin shorts around 92818 and exiting around 91756, capturing 1000 points, and then re-entering a long Bitcoin position around 91874 and exiting around 93321, securing an additional 1450 points. Ethereum also followed a similar strategy, first capturing a pullback with a short position, entering around 1786 and exiting around 1732, securing 54 points, then reversing to enter a long position around 1727 and exiting around 1771, capturing another 44 points. For the day, the Bitcoin strategy of two shorts and one long secured a total of 4050 points, while the Ethereum strategy of one short and one long secured a total of 98 points. Each success is not an endpoint but a new starting point. In the future, Sheng Ge will continue to adhere to a professional spirit, deepen the understanding of market dynamics, and optimize the strategy system to bring more value growth to the students. At the same time, Sheng Ge looks forward to working with students to transform this successful experience into a source of continuous growth and to jointly create a more glorious chapter.
According to the current market situation, the four-hour level indicates that after experiencing a round of pullback, there is significant support below, and the bulls have initiated a series of upward rebounds. The price is gradually moving towards the upper Bollinger Band. The MACD indicator's fast and slow lines are converging and operating above the zero line, indicating that the second round of bullish movement is not yet complete. From the one-hour level, the price shows a series of bullish movements breaking above the middle Bollinger Band, and a strong unilateral trend has formed, with bulls continuously increasing their volume, indicating that the overall market trend is firmly under the control of the bulls. Thus, for midnight operations, we will maintain a low long strategy.
Bitcoin can be bought around 92500-93000, targeting 94500.
Ethereum can be bought around 1750, targeting 1830#BTC #BTC走势分析 .
Do not blindly follow the trend; maintaining independent thinking is our foundation in the crypto world. In this era of information overload, learn to filter valuable information and make rational judgments. Every decision you make will determine the height of your future. On Thursday afternoon, after Bitcoin retraced to around 91,619 points, it rebounded, reaching a high of 92,620 points. Ethereum mirrored Bitcoin, stopping its decline after dropping to a low of 1,722 points in the afternoon, then began to warm up, with the price reaching a high of 1,751 points.
From the current market view, the four-hour level shows that after experiencing two consecutive bearish candles, the market is showing signs of stopping the decline. The support from the middle band of the Bollinger Bands is relatively strong, and the bearish momentum is gradually weakening. The price has entered a consolidation phase above the middle band, and from the one-hour level, the market has broken through the lower band after four consecutive bearish candles and is now showing two consecutive bullish candles in rebound. The price is currently running above the lower band. The KDJ indicator's three lines have formed a low-level golden cross and are diverging upwards, indicating a strong expectation for a bullish rebound in the future market. Therefore, we will maintain a strategy of low buying after a retracement in the evening.
Buy Bitcoin around 91,500 with a target of 94,000.
The cryptocurrency market is not a greenhouse; there is no eternal sunshine here, nor any unchanging rain. But one thing is certain: only by constantly challenging oneself can one stand firm in the torrent of the market. On Thursday morning, Bitcoin showed a trend of fluctuating downward, with the price dipping to a low of 92204 at noon, while Ethereum also dropped from a morning high of 1806 to a low of 1758, subsequently fluctuating within this range.
From the current chart perspective, the four-hour level shows that the market is currently operating above the middle line of the Bollinger Bands. Although there has been a slight pullback, the pullback is not strong, and the Bollinger Bands continue to open upward. The MACD indicator lines are operating above the zero axis, so the overall trend still leans towards the bulls. From the hourly level, the market has moved down to the lower band of the Bollinger Bands, but there is clear support below in the short term, and bearish momentum cannot sustain a continuous price breakdown. Therefore, in the afternoon, we will adopt a strategy of going long after the pullback.
Bitcoin can be bought near 91500-92000, with a target of 94000.
Ethereum can be bought near 1750, with a target of 1830.
Mindset Determines Your Height In this ever-changing world of Bitcoin contracts, every day feels like a roller coaster, with prices fluctuating and our emotions rising and falling. Some become wealthy overnight, while others lose everything. But regardless of the outcome, one thing is common: mindset determines how far you can go in this game. When first entering Bitcoin contracts, everyone is filled with hope, believing they are the one who can seize opportunities and change their fate. We excitedly invest, looking forward to the moment of harvest. However, reality is often much harsher than our ideals. When prices start to fluctuate and losses begin to appear, our mindset is put to the test. Some people face losses with a calm heart. They understand that this is part of investing, the cost of growth. They do not lose their reason because of temporary gains or losses, nor do they give up. They believe that as long as they persevere, one day they will welcome their own spring. This peaceful mindset allows them to go further down the road of Bitcoin contracts. On the other hand, some cannot bear this pressure. Seeing losses feels like witnessing the end of the world. Their hearts are filled with fear and anxiety, starting to doubt their judgment and choices. They want to escape but are unwilling to admit defeat. Thus, they struggle in confusion and pain, often ending in complete failure. In fact, Bitcoin contracts are like a mirror, reflecting the true nature of our inner selves. How is your mindset? It determines your performance in this world. If you can maintain a calm and peaceful mindset, not swayed by temporary gains or losses, then you can stand firm in this unpredictable world. Remember, Bitcoin contracts are not everything in life. They are just a form of investment, a tool that may bring profits but also losses. We should not place all our hopes and reliance on it, nor should we lose our passion and pursuit of life because of it. Therefore, no matter what difficulties and challenges you face in Bitcoin contracts, please maintain a peaceful mindset. Believe in yourself, believe in the future, and you will surely carve out a successful path that belongs to you. #BTC
The fluctuations of the market are like the changing of the seasons; there is the warmth of spring and the harsh winds of winter. But please believe that every drop is for a better rebound, and every hardship is a stepping stone for growth. Last midnight, the Bitcoin price first surged to the high point of 94178 before facing pressure and falling back, then the price continued to decline, reaching the low point of 92922 and stopping there, subsequently oscillating within that range. Ethereum's price, on the other hand, dropped from the high point of 1810 around midnight to the low point of 1774 before gradually rising in a consolidating manner. Brother Sheng's bullish outlook given at midnight has been validated once again, with the precisely positioned Bitcoin long entry at 92541, and exiting at 94159, gaining a space of 1600 points.
From the current market perspective, the four-hour level shows that after experiencing two consecutive bearish candles, there is clear support below, forming a momentum of two consecutive bullish candles aiming to recover towards the upper band of the Bollinger Bands. However, in terms of space and momentum, the movement is relatively slow, forming a rhythm of consolidation and accumulation. From the one-hour level, the price is oscillating around the middle band of the Bollinger Bands, alternating between bullish and bearish. However, the lower band serves as a lifeline for the bulls, and as long as this position holds, we can still expect a rebound in the short cycle. Minor adjustments in space do not change the bullish trend, so we remain optimistic about the upward movement after the retracement this morning.
Bitcoin can be bought around 92500-93000, with a target of 94500-95000.
Ethereum can be bought around 1780, with a target of 1850#BTC .
In the face of market fluctuations, maintaining a calm mind is crucial. Fear causes us to miss opportunities, while greed may lead us to irreparable situations. Only by adhering to our inner principles can we remain composed amidst the changing tides and make wise decisions. On Wednesday, the Bitcoin market showed a fluctuating upward trend from the morning, with prices continuously refreshing recent highs, until the evening when the market spiked to a high point of 94904 before starting to retreat. After a pullback to a low point of 91898, it rebounded again. Similarly, the Ethereum market rose from the morning to an evening high of 1834, then faced pressure and fell to a low of 1761 before gradually rebounding. Today, Brother Sheng's trading strategy involved two long positions and one short position in Bitcoin, as well as one long position in Ethereum, and the market delivered as expected. The long position in Bitcoin arranged early in the morning entered around 90795 and exited near 93760, capturing a space of 3000 points. The long position arranged at noon entered around 92709 and exited near 94356, capturing a space of 1650 points. In the evening, he seized the opportunity after the high and arranged a short position in Bitcoin, entering around 93923 and exiting around 92305, capturing a space of 1600 points. The long position in Ethereum arranged during the day entered around 1688 and exited around 1779, capturing a space of 91 points. The overall layout of two long and one short position in Bitcoin during the day captured a total of 6250 points. Based on the current market situation, the four-hour level shows that after experiencing a spike, the market has retreated below the upper Bollinger Band, and is currently in a correction phase. Bearish momentum cannot lead to a sustained price drop, while bullish momentum is forming a recovery trend. From the one-hour level, the bottom is successfully forming, with clear support from the lower Bollinger Band. Bearish volume is hindered from expanding, the Bollinger Band is gradually narrowing, and the KDJ indicator's three lines are turning upwards. As bullish momentum begins to recover, it is gradually dispersing, so our approach for midnight operations will be to maintain the mindset of low buying after a pullback. Bitcoin can be bought near 92500-93000, with a target of 94500. Ethereum can be bought near 1770, with a target of 1850. #BTC
On Wednesday afternoon, Bitcoin's market experienced pressure after rising to the high point of 94453, stopping after hitting the low point of 93280. Ethereum's movement was in sync with Bitcoin's, initially rising to the high point of 1818 before quickly retreating, with the price entering a consolidation phase after dropping to the low point of 1773. Sheng Ge provided a bullish outlook during the afternoon, and the market moved as expected, with a well-timed Bitcoin long position entered near 92709 and exited around 94356, capturing a profit of 1650 points. In this rapidly changing market, only by closely following the pulse of the trend can one lead the direction of wealth. Therefore, Sheng Ge, from strategy planning to execution, guides students in real-time as the core, and uses professional layouts as the radius, drawing a series of profit blueprints.
Based on the current market, the four-hour level shows that the market is in a high exploration and pullback phase, but the pullback strength has not given much space, and the overall trend has not undergone a substantial change; the pullback is merely a normal correction in the upward process. From the one-hour level, the market shows consecutive bullish candles followed by a hammer pattern, indicating a strong expectation of a market rebound. Therefore, in the evening, the operation will maintain a bullish outlook after a pullback.
Bitcoin can be bought around 93000, targeting 94500-95000.
Ethereum can be bought around 1780, targeting 1850, #加密市场反弹 .
When the market is turbulent and price fluctuations are as fierce as the tides, we may feel lost or even fearful. But please remember, in this ocean full of opportunities and challenges, you are not alone. On Wednesday, Bitcoin's price began to retreat after reaching a high of 94142 in the morning, hitting a low of 92552, before gradually climbing again. Ethereum's price showed a fluctuating upward trend, reaching a high of 1818 during the afternoon.
According to the current market situation, the four-hour level shows that the market is still operating at a high level. Although the bears have caused some pullback, the extent is minimal, and the overall trend is still firmly controlled by the bulls. From the one-hour level, the market is in a steady upward momentum, with prices operating below the upper Bollinger Band. Although there is some resistance above, it has not suppressed the bullish trend, and the prices have not weakened. Therefore, in the afternoon operations, we are optimistic about the bulls continuing to push higher after a slight pullback.
In the cryptocurrency world, we not only need to have keen market insight but also the courage to take decisive action. Only when we analyze the market with wisdom and seize opportunities with courage can we stand undefeated in this ever-changing market and achieve our own brilliance. On Wednesday, Bitcoin's market was influenced by news in the early morning, with prices reaching a high point of 94142, followed by a slight pullback, currently oscillating around 93000. Ethereum also stretched in sync with Bitcoin, with prices hitting a morning high of 1788. In the early hours, Brother Sheng's positions in Bitcoin and Ethereum long orders were successfully executed as expected this morning. The Bitcoin long order was entered around 90795 and exited near 93760, yielding a profit of 3000 points. The Ethereum long order was entered around 1688 and exited near 1779, yielding a profit of 91 points.
Based on the current market situation, the four-hour level shows that after a series of upward movements breaking through the upper Bollinger Band, prices have come under pressure, and the current price is in the process of correction. However, the overall trend remains within an upward channel, so the current pullback can be seen as a corrective adjustment during the upward process. From the one-hour level, the market has retreated below the upper Bollinger Band, but the Bollinger Band is opening upwards, with various indicators showing a bullish trend. Therefore, from morning to noon, we can focus on the strength of the pullback and adopt a buying strategy at lower levels.
Bitcoin can be bought around 91500-92000, with a target of 94000.
Ethereum can be bought around 1720, with a target of 1800#BTC .
The cryptocurrency market is full of uncertainties, but it is precisely this unknown that nurtures infinite possibilities. Do not retreat because of temporary risks, for the value of dreams far exceeds the gains and losses at hand. Brave the pursuit of dreams; even if the journey is long and full of challenges, believe that you can reach the shores of your heart. Last midnight, Bitcoin maintained a good upward momentum, with the price climbing from a low point of 90338 during last evening to a high point of 94142 in the early morning. Ethereum also showed a steady upward trend last midnight, with the price reaching a peak of 1778 in the early morning.
According to the current market situation, the four-hour level shows a continuous bullish stretch, and the overall structure remains strong. Accompanied by the continuous rise of price highs, the bulls are also consistently attacking. Although there is some pressure on the upward movement in the short term, the support below is more evident. Currently, the market is running above the upper Bollinger Band, showing signs of continuation upwards. Combined with the recent upward movement from the lows, the bulls will consolidate while waiting for further rises. From the one-hour level, after breaking through the upper Bollinger Band, the bears provided a slight pullback, but the pullback was minor and did not change the overall upward trend. Therefore, we still remain optimistic about the bullish movement after the pullback this morning.
Buy Bitcoin near 92000-92500, with a target of 94500.
Buy Ethereum near 1720, with a target of 1800#BTC .
In the waves of the cryptocurrency world, we may have sailed into the abyss of the dark night, witnessing wealth recede like the tide, leaving behind a desolate and unwilling heart. But please remember, in this boundless digital ocean, every ebb is a preparation for the next grand rise. On Tuesday, Bitcoin's market initially surged to a high point of 88,850 in the morning before retreating, with the price continuing to oscillate around 88,500. In the evening, accompanied by a strong opening in the U.S. stock market, the market welcomed a strong rally, with the price rising to a high point of 91,373. Ethereum's market initially dropped to a low point of 1,537 in the morning and gradually rose, with the price reaching a high of 1,638 in the evening. Brother Sheng's daytime strategy included three long positions and one short position in Bitcoin, as well as one short and one long position in Ethereum. Although there were minor stop losses, the overall profit was not affected. The long position in Bitcoin set in the morning was entered around 87,640 and exited near 88,628, capturing a space of 1,000 points. The short position in Bitcoin set in the evening incurred a small loss, but later, Brother Sheng leveraged his keen insight to position for a long Bitcoin trade, entering near 89,314 and exiting near 90,436, capturing 1,100 points. He then set another long position in Bitcoin, entering around 89,941 and exiting around 91,220, capturing 1,250 points. The short position in Ethereum set at midnight was entered near 1,625 and exited around 1,574, capturing 51 points. The long position in Ethereum set in the evening was entered around 1,655 and exited around 1,715, capturing 60 points. Throughout the day, Brother Sheng's strategy of three longs and one short in Bitcoin captured a total of 2,900 points, while the one short and one long strategy in Ethereum captured a total of 111 points. From the current market perspective, the four-hour level shows that after a breakout and upward movement, the price has retraced below the upper Bollinger Band and has not further dipped, indicating weak continuation. Both sides are mutually restraining each other, and the overall structure has entered a correction phase. From the one-hour level, the price has currently provided a certain pullback, but the upward channel has been fully opened. All indicators suggest that the bullish trend remains strong with significant continuity. It is clear that this pullback is accumulating energy for the bulls, so at midnight we can consider entering long positions after the pullback at lower levels. Bitcoin can be bought around 90,000 with a target of 92,000. Ethereum can be bought around 1,670 with a target of 1,750.
In the evening, the Bitcoin market experienced a strong stretch coinciding with the opening price of the US stock market, reaching a peak of around 90,914. Ethereum also followed suit, hitting a high of around 1,680. Despite a small loss on the Bitcoin short position laid out by Brother Sheng in the evening, he quickly adapted with sharp insight and positioned himself for a Bitcoin long, suggesting to enter near 89,314 and taking profits near 90,436 for a gain of 1,100 points. In the cryptocurrency market, no one can achieve 100% accuracy; mistakes happen, but the key is how to recover losses after they occur.
From the current market perspective, the four-hour level shows a significant bullish stretch, with prices breaking through the upper Bollinger Band, and recent highs continuously rising. The strong bulls are unstoppable; any upward break will mean increased volume. The bulls' frenzy is expected and is a necessary rise influenced by the trend structure. For the current market, a pullback is bullish; if there’s no pullback, then it’s a short-term continuation to see further highs, with a direct upward surge during the day. The future market trend remains quite clear; it is still predominantly bullish, and following the bulls is the main theme. In the short term, the price may experience some correction, but corrections serve to better support the rise, accumulating energy for the bulls to launch a new assault. Therefore, in terms of operation, we mainly focus on buying on the pullbacks.
In this turbulent sea, some have become rich overnight, while others have left in silence. But regardless of the ups and downs, the story of the cryptocurrency world continues; it teaches us the distance between dreams and reality and helps us understand the wisdom of persistence and letting go. On Tuesday afternoon, Bitcoin remained oscillating within a range, with prices fluctuating around 88,500 without significant volatility. Ethereum, on the other hand, slightly peaked at the 1,634 high point in the afternoon and then consolidated around this range.
From the current market perspective, the four-hour chart shows a three consecutive bullish candlesticks pattern, but it is severely constrained by previous high points, and the price has not consistently broken through the upper boundary. The KDJ indicator's three lines have all entered the overbought zone, increasing the probability of a technical pullback. From the one-hour perspective, the market shows alternating small bearish and bullish movements, with the MACD histogram continuously shrinking, and the DIF and DEA lines are merging. Under the continued sluggish trading volume, it suggests insufficient upward momentum in the short term; thus, we still maintain a bearish outlook for the evening.
Bitcoin can be shorted around 88,800, targeting 86,500.
Ethereum can be shorted around 1,650, targeting 1,580. #BTC
Do not be discouraged by temporary setbacks. Believe in yourself and the power of time. The road in the crypto world is long and difficult, but it is these challenges that forge our resilience. Let us walk hand in hand, lighting the way forward with warmth and faith. On Tuesday, Bitcoin's price rose to a high of 88,850 in the morning and then fluctuated around 88,000. Ethereum's price initially dipped to a low of 1,537 in the morning before rebounding, stopping at a high of 1,593.
According to the current market situation, the four-hour chart shows that after breaking through the previous high, the price has come under pressure and retreated. Currently, the price is operating below the upper band of the Bollinger Bands, with both bulls and bears engaged in fierce competition. From the one-hour chart perspective, the Bollinger Bands are in an opening posture, and the price is gradually approaching the middle band of the Bollinger Bands. The KDJ and RSI indicators show signs of turning downward, indicating that the pressure from above still exists in the short term. Therefore, our strategy for the afternoon is to focus on short positions.
Short Bitcoin around 88,500 with a target of 86,500.
Short Ethereum around 1,600 with a target of 1,530.
In the cryptocurrency world, there is no journey that goes smoothly, but it is these twists and challenges that forge our unyielding will. Every fall is to rise again more steadily and continue to climb towards the peak of our dreams. On Tuesday morning, the Bitcoin market first dipped slightly to a low of around 87017 before experiencing a relatively strong rebound, with the price reaching a high of around 88850. Ethereum and Bitcoin moved in sync, with the market rebounding after hitting a low of around 1537, and the morning price peaked at around 1589.
Based on the current market situation, the four-hour timeframe shows that the market has broken through the upper Bollinger Band. After breaking through the previous high, the price did not maintain a certain level of continuity, with a long upper shadow left above the bullish candlestick body. The current bullish trend has clearly slowed down. From a smaller timeframe perspective, the market shows a three consecutive bullish candlestick upward trend, but the MACD indicator values are still in the negative range, greatly increasing the probability of the market pulling back after a surge. If the bulls cannot stabilize, it will lead to a technical adjustment. Therefore, during the morning to midday operations, we will still maintain a high short strategy.