Crypto Circle Yuelin 11.5 Tuesday, Bitcoin, Ethereum Afternoon Strategy!
Hello, friends in the crypto circle, good afternoon! I am your lucky goddess Yuelin. The bullish outlook provided this morning has been running as expected. There is already a space of 1200 points available. After the market hit the bottom at the low line of 66810, it began to rebound and recover. Throughout the day, the market has been showing an upward warming trend. The price of Bitcoin hit a low of 68785 at its lowest point today. In terms of Ethereum, after a morning low retracement to the low line of 2356, it quickly rebounded and recovered. The daily trend is also showing an upward trend similar to Bitcoin. Currently, Bitcoin's price is around 68700. Ethereum is around 2430.
On the four-hour level, the price has tested up and down before consolidating and narrowing the range, with the running channel narrowing. After a phase of consolidation, a rebound is observed, with bullish volume showing an increasing pattern. The moving averages are consistently rising, and the short cycles are recovering significantly, indicating stronger warming signs ahead. On the daily level, the running channel is in a narrowing state, but the price's retracement strength is weak. The bullish volume continues to release, and although there is a phase of substantial volume consolidation, there are no signs of decreased volume. The moving averages are winding and consolidating, driving the short cycle's fluctuating tug-of-war, but there’s no room for downward adjustment. The retracement is just to further accumulate strength for recovery. Throughout the day, we will stick to the main idea of going long on retracements.
Tuesday Afternoon Operation Strategy:
BTC: 68400-68600, target 70000
ETH: 2400-2420, target 2480
Of course, technical indicators are just references. If you have no direction, remember to pay attention to Yuelin, follow my lead, and act accordingly. Yuelin may not guarantee you a hundred victories, but she can certainly help you avoid losses and take fewer detours!
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