On Tuesday morning, an analysis and summary of Bitcoin and Ethereum market trends
The market trend once again validates our consistent analysis approach. After a significant price surge in the evening, breaking through the 90000 mark, a technical pullback occurred, retreating from the high point of 90599 to around 89100 for adjustment, with the overall pullback being limited, showing that market buying support remains solid. The current price orders and strategy points we suggested in the evening were confirmed by the market, for example, the long position entered at 89500, with the market rising to the 90500 level, achieving a profit of about 1000 points; Ethereum also rose in sync, capturing over 50 points in profit.
The daily level has consecutively closed positively, pushing the price to higher levels and showing signs of stability, with previous resistance gradually transforming into current support, clearly indicating an overall strong structure. The trend is still in the stage of correction and accumulation, preparing to explore new highs again. The four-hour chart shows a technical pullback after consecutive positive candles, but the correction is mild, with pullback space being quickly recovered, indicating that buying momentum still dominates. Support is gradually moving up, and the key resistance level above has also gradually loosened, potentially welcoming a new round of breakthroughs at any time. Overall, we continue to maintain the strategy of buying on dips for subsequent layouts.
Operational suggestions:
Focus on entering long positions in the 89500-89300 range for Bitcoin, targeting around 91000.
For Ethereum, it is recommended to look for long opportunities in the 3020-3000 area, targeting around 3140.
