Tuesday Market Analysis and Trading Suggestions #BTC

Recently, the market has maintained a high-level oscillation, with the 115000 mark becoming the focal point of the bulls and bears, and the consolidation trend is significant. Following a series of upward movements from the 10th to the 12th, the market has entered an adjustment phase, and the current closing price is approaching the previous low support level, which needs to be tested for its effectiveness in the short term.

In terms of indicators, although the MACD's DIF and DEA are still in negative territory, the bearish energy bars are continuously shortening, indicating that the bearish momentum is gradually weakening, and the indicators are releasing positive signals, which may lead to the formation of a golden cross pattern, providing potential support for the market.

Trading Suggestions

- Bitcoin: It is recommended to place long positions in the 114500-114800 range, targeting 116000-117000.

- Ethereum: It is recommended to place long positions in the 4460-4480 range, targeting 4600-4700.