Wednesday early morning Bitcoin and Ethereum market analysis and intraday summary
The intraday price has once again fallen into a narrow range of fluctuations after a previous rise and fall. Although there are some flaws in the long positions suggested for today, the subsequent market has also been timely lifted from the lows and has not continued to break down. Our long position has perfectly captured this wave of rise. While the strategy may not be perfect, having a rationale is what we pursue. In the recent continuous fluctuating market, everyone can take some time to adjust their mindset, carefully consider each entry and exit position. In the current market conditions, a missed opportunity could lead to significant losses. If you are not adept at analyzing market trends and cannot respond in a timely manner, feeling lost in both long and short positions, you might want to follow my lead. Perhaps a random choice you make could change your situation.
From the current market perspective, after the previous rise and fall, the market has been maintaining a correction within a small range. After a downward movement during the midday market, it began to slowly fluctuate upwards. Therefore, the current short-term decline is merely a corrective action after the rise, not a trend reversal. The rise and fall are balanced, and overall, it is still in a sideways fluctuation. The trend shows a step back, and it is currently in a correction phase. On the 4-hour chart, a bullish doji star has formed, and the retracement momentum is relatively weak. Thus, the short-term decline has not shown much continuation, and there are still opportunities for sustained upward movement. Therefore, from the current structural trend, it can continue to be viewed as bullish.
Operation suggestions:
Bitcoin operation suggestions are around: 87300-87000 long, target focus on 89000
Ethereum suggestions are around: 2920-2900 long, target focus on 3030
#加密市场观察
The intraday price has once again fallen into a narrow range of fluctuations after a previous rise and fall. Although there are some flaws in the long positions suggested for today, the subsequent market has also been timely lifted from the lows and has not continued to break down. Our long position has perfectly captured this wave of rise. While the strategy may not be perfect, having a rationale is what we pursue. In the recent continuous fluctuating market, everyone can take some time to adjust their mindset, carefully consider each entry and exit position. In the current market conditions, a missed opportunity could lead to significant losses. If you are not adept at analyzing market trends and cannot respond in a timely manner, feeling lost in both long and short positions, you might want to follow my lead. Perhaps a random choice you make could change your situation.
From the current market perspective, after the previous rise and fall, the market has been maintaining a correction within a small range. After a downward movement during the midday market, it began to slowly fluctuate upwards. Therefore, the current short-term decline is merely a corrective action after the rise, not a trend reversal. The rise and fall are balanced, and overall, it is still in a sideways fluctuation. The trend shows a step back, and it is currently in a correction phase. On the 4-hour chart, a bullish doji star has formed, and the retracement momentum is relatively weak. Thus, the short-term decline has not shown much continuation, and there are still opportunities for sustained upward movement. Therefore, from the current structural trend, it can continue to be viewed as bullish.
Operation suggestions:
Bitcoin operation suggestions are around: 87300-87000 long, target focus on 89000
Ethereum suggestions are around: 2920-2900 long, target focus on 3030
#加密市场观察
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
87,355.16
-1.46%
ETH
2,957.71
-1.79%