Thursday early morning Bitcoin and Ethereum market analysis and daily summary
On Wednesday, the intraday Bitcoin trend showed a fluctuating upward trend, quickly retreating after a night-time peak. After a narrow consolidation around the 87500 line in the morning, it rebounded to a high of 90360 in the evening but faced resistance, subsequently entering a deep correction, with a minimum touch around 86128 at midnight. Ethereum's trend synchronized with Bitcoin, rebounding from a low point of 2942 in the morning to 3030 before facing downward pressure, with a minimum drop to around 2832 at midnight. Throughout the day, Lao Tian relied on market fluctuations, making a total of 4 Bitcoin and 3 Ethereum long positions, where Bitcoin captured a total of 3731 points of space and Ethereum captured 100 points of space. The midnight long positions hit stop-loss during a rapid drop, with Bitcoin stop-loss at 639 points and Ethereum stop-loss at 30 points.
From the market perspective, the four-hour level shows that the market has returned to the white disk fluctuation range, quickly retreating to the starting point after peaking at night, forming a dual sweep pattern. Currently, bears temporarily dominate, but the strong correction has not broken the previous low support at the 86000 line, indicating a potential for a rebound in the short term. MACD is below the zero axis, showing a golden cross state, with green volume continuously shrinking, and the short-term bearish momentum is relatively strong. The one-hour Bollinger Bands are opening downward, with space below opening up, and bears continue to increase, showing a continuous downward trend, but the key support has not yet been lost, indicating a technical rebound demand in the short term as well. Therefore, at midnight, 86000 is still regarded as the short-term bull-bear dividing line; if it breaks, it will shift to a bearish outlook. In early morning operations, Lao Tian suggests still focusing on long positions above the support level.
Operation suggestion:
Bitcoin around 85700-86200 can be long, focusing on 88000
Ethereum around 2800 to 2830 can be long, focusing on 2920
