Bitcoin/Ethereum once again dropped in a spike during the evening, with a relatively large overall decline. Bitcoin/Ethereum's minimum drop spiked to around 93600 and 3500. The hourly and 4-hour charts have long lower shadows. After multiple bottom formations, there is still an expectation for a rebound in the market. This evening, the focus remains on the potential rise after the pullback. Current swing operations in the market should be quite comfortable, with attention on support above the lower spike points. The market shows clear spikes up and down, indicating a significant struggle between bulls and bears, suggesting that a market reversal is imminent.
The MACD technical indicator is currently in a death cross state on the 4-hour chart, with the DIF value gradually declining, indicating potential short-term pullback pressure. The upper high has been suppressed from around 98000 to 98500, down to the 97000 to 97500 range, while the lower reference point is the evening's drop low. Currently, the market's pullback presents an opportunity to enter long positions, as the probability of a continued downward trend is quite low.
In the early morning operations, enter long positions for Bitcoin around 94400 to 94800, targeting near 96500; for Ethereum, enter long positions around 3520 to 3545, targeting near 3610.
The current market conditions are relatively good. Recommended altcoins for swing trading include ORDI, LPT, SOL, and UNI. Specific operations should be based on real-time guidance. For more strategies, please follow the public account: Trader Liang Qiu.
