After the double bottom was realized in the early morning price comparison, a rapid rebound followed. During the midday price comparison, we once again saw a stepwise decline, touching around the 95500 line. Currently, the price comparison is witnessing a slight rebound and gradually rising. Although the thousand-point movement is not significant, it is still valuable. In terms of Ethereum, the daily volatility is largely in line with Bitcoin's trend, having touched a low of around 3616 during midday before starting to rise. It is now operating near 3730. When the market experienced a pullback during midday, we prompted everyone to enter long positions, and currently, our live trading students have captured over a thousand points in Bitcoin and 64 points in Ethereum.
The daily candlestick chart shows a pin bar with a false break, briefly touching the middle track before gaining support near the MA30 and strongly rebounding, stabilizing above the middle track. In the short term, the range formed by the middle track and MA30 will become an important support area. In the 4-hour chart, the price has broken below the key support of MA60 and the trend line. According to the logic of top-bottom conversion, the area near MA60 and the trend line may turn into a short-term resistance zone. This afternoon, we can first look for a wave pullback before participating in low long positions.
Operational Suggestions
Go long around 97000 for Bitcoin, target 98500.
Go long around 3710 for Ethereum, target 3790.
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