Wednesday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions
The intraday market continues the recent characteristics, with overall volatility remaining relatively calm, but during the daytime session, bulls continue to dominate. Yesterday, the market first tested the bottom before rebounding, with Bitcoin bouncing back from the low point of 89368, currently reaching a high of 94555; Ethereum also stabilized from the low point of 3066, rebounding to around 3397. Since yesterday morning, we have repeatedly suggested the idea of positioning long orders on pullbacks. Intraday, Bitcoin entered long orders around 90000, targeting a take profit at 94000, achieving about 4000 points of space; Ethereum's long orders at 3100 also took profit at 3330, making a profit of about 230 points. The market trend is consistent with expectations, and the current market is still in a structurally bullish pattern.
From a technical perspective, the moving average system continues to diverge upwards, and the short-term market needs some time to consolidate and build strength to support subsequent upward breakthroughs. The 4-hour candlestick shows an alternating bottoming and rebound structure, with prices currently reclaiming the upper Bollinger band. Although bulls have temporarily entered a pause phase after a surge, the overall process is still one of accumulating momentum. The larger direction maintains a bullish view, with recent highs and pullbacks being part of the expected rhythm evolution. Currently, the technical structure shows a healthy trend of gradual upward movement while correcting, with various indicators still leaning towards bullish. In terms of operation, it is recommended to continue following the trend, focusing on low long positions.
Wednesday Morning Suggestions:
Bitcoin: Pay attention to long order opportunities around the 92300-91800 range, targeting around 94000.
Ethereum: Pay attention to long order opportunities around the 3300-3280 range, targeting around 3430.
