Tuesday Evening Analysis

Yesterday, Bitcoin once again dipped below 92,000 points,

but this time, altcoins did not follow the downward trend.

This second test is actually a healthy market adjustment behavior,

after all, no one in the market has an endless supply of chips to keep dumping,

everything has its limits, and extremes must reverse.

Currently, in a bullish market environment,

the market has gradually weakened after several cleanups,

the downward momentum has been diminishing.

Regarding Bitcoin,

we should maintain a rational and forward-looking perspective on its development,

the so-called "eternal slow bull" viewpoint is not absolute,

the market cannot only rise without falling,

nor will it always be in a downward trend.

Now, Bitcoin has formed a double bottom rebound pattern around 92,500,

from a technical analysis perspective,

this pattern is relatively stable,

it is undoubtedly a positive signal for bulls to initiate a rebound.

Therefore, today there may be opportunities for short-term long positions in the market!

On Tuesday evening, Bitcoin is expected to retrace to 93,000-92,500 for long positions, targeting 95,500-96,000,

Ethereum is expected to retrace to 3,330-3,300 for long positions, targeting 3,450-3,480!