The afternoon market is running according to our expectations, with the price gradually rising and the lows continuously moving up, clearly indicating the weakness of the bears. Currently, Bitcoin is trading around 96,000. Ethereum is also gradually rising in the afternoon, showing a similar trend to Bitcoin. In the evening, we still recommend buying on the dip.
The daily structure has rebounded after reaching the lower bound, stabilizing the price. As the afternoon bears did not continue to push the lows down, the market has shown some recovery. The current daily structure is presenting a small bullish candlestick. It has recovered nearly half of yesterday's pullback. However, neither bulls nor bears have provided a substantial breakthrough. In the evening, we can still pay attention to buying on the dip. At the same time, we can keep an eye on the opening trend of the U.S. stock market before participating.
Operational Suggestions
Buy around 95,500 for Bitcoin Target 98,000
Buy around 3,300 for Ethereum Target 3,400
