Friday Thoughts: $BTC /$ETH after a rise and fall, consolidating; the pullback is a buying opportunity
In the early morning, the market synchronized rise and fall——Bitcoin peaked at 91843 before fluctuating downwards, currently consolidating around 91114; Ethereum peaked at 3044 before facing pressure and fluctuating around 3003. The long positions laid out last night accurately caught the rhythm, and although the current market is in a fluctuating consolidation, one must endure short-term volatility to seize the subsequent major market!
From a technical perspective:
- The four-hour level shows a "two bearish engulfing candles" pattern, but the price center is steadily moving upwards along the moving averages, with volume exhibiting a stacking trend, and the MACD has continued to rise after a golden cross below the zero line——the strong bullish pattern is very clear;
- The one-hour cycle has entered a correction and consolidation: the price faced resistance after touching the previous highs, the Bollinger Bands are narrowing, and the RSI is oscillating neutrally in the 50-60 range. This kind of divergence in volume and price consolidation is actually a buildup before the trend continuation.
Operational Strategy
- Bitcoin: Buy on the pullback to the 89500-90500 range, with a target of 92500-93000
- Ethereum: Buy on the pullback to the 2950-2985 range, with targets successively at 3100-3200-3300
