Thursday morning Bitcoin and Ethereum market analysis and trading suggestions
Today's market trend largely aligns with our previous expectations, showing an overall bullish recovery trend since early morning. The coin price has been rising continuously from yesterday's low of 91637, reaching a peak of around 94185 this morning. We have repeatedly emphasized the importance of monitoring the upward correction trend in our recent analyses, hence today's strategy remains focused on buying on dips. From last night to this morning, the swing trades have captured nearly 3000 points, and Ethereum has also achieved approximately 200 points in profit. Our trading records are always open and transparent; each setup is based on thorough analysis and rationale, facing profits and losses candidly without concealment. Strict risk management is fundamental to our long-term stable profitability in this market.
The four-hour chart shows that the coin price has strong rebound breakout potential. After a series of oscillations and consolidations, a double bottom support structure has formed, with the lows gradually rising. Multiple bottom formations have laid a solid foundation for the price, which is currently demonstrating strong rebound momentum again. The coin price continues to test and challenge the mid-band pressure. Recently, the volatility of Bitcoin and Ethereum has significantly increased; after the sharp decline the day before, the bullish momentum is gradually accumulating, and the expectation for a correction is weakening. The continuation of the trend is essentially a process of alternating rises and falls, with corrections during upward trends and rebounds during downward trends being normal occurrences. The recovery momentum is becoming increasingly evident; we will continue to focus on the sustainability of the bullish trend, with short-term operations suggesting buying on dips at lower levels.
Morning operation reference:
Bitcoin can focus on buying in batches within the range of 92300-92800, targeting around 94500.
Ethereum can focus on buying near 3100-3130, with a target looking towards the 3300 level.
The above suggestions are for reference only; the market is volatile, so please enter cautiously and pay attention to risk management.
