Tuesday Bitcoin and Ethereum Evening Operation Strategy Analysis
In the early hours, the price of Bitcoin accelerated its decline again, with bearish forces pushing the price down to the 92600 area, and the overall market trend is in line with our expectations. Earlier this week, we had already indicated a short position at 98500 across the network, and so far, the market has shown a drop of nearly 6000 points. Our live trading team has successfully implemented the doubling plan, and this significant profit opportunity is not difficult to grasp.
From a technical analysis perspective, the candlestick on the four-hour chart is currently running along the lower band of the Bollinger Bands, with the overall pattern showing an extremely weak trend. After a series of bearish candlesticks with increased volume, the market experienced a corrective rebound with a bullish candlestick. During the day, we need to closely monitor the pressure test at the key level of 95000 and possible rebound situations. If the price fails to break through this high point, we will continue to adopt a trend-following short strategy. A slight rebound is expected during the Asian session, but this is merely a process of gathering strength, not a reversal of the trend. We should adhere to following the trend and avoid counter-trend operations.
The specific operation strategy for Tuesday morning is as follows:
Bitcoin: Look for short opportunities in the range of 95300 to 94800, with a target price of 92000. If the price does not fall below this target, consider reversing to go long. Ethereum: Establish short positions in the range of 3470 to 3500, with a target price of 3350. Similarly, if the price does not fall below this target, consider reversing to go long.
The above strategies are for reference only, and actual operations should be based on market dynamics and individual risk tolerance.
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