Tuesday Thought Analysis Suggestions

At this moment, focus on the small cycle structure of the hourly chart. The previous large bullish candlestick surged rapidly, successfully breaking through the upper resistance. Subsequently, the market entered a correction phase, mainly oscillating around 102,000, forming a short-term consolidation pattern. This wave of market movement is clearly influenced by the opening of the US stock market. Looking back at past trends, every time there is a surge, a pullback usually follows. Therefore, based on the volatility patterns from previous midnight sessions, there is still a certain demand for pullback in the current market.

However, it is worth noting that the Bollinger Bands, influenced by the candlesticks, have opened an upward channel, and the larger cycle also shows a strong pattern. Currently, the market continues to consolidate around 102,000. Considering all factors, we still maintain a bullish outlook, but we need to wait for a price retracement before re-entering the market.

Operational Suggestions:

Go long on Bitcoin around 101,000 - 101,500, with a target price of around 103,500.

Go long on Ethereum around 3,680 - 3,700, with a target price of around 3,800.