Tuesday Morning Market Analysis and Trading Suggestions
From the 4-hour chart, the price drop in the early morning has approached the bottom support level, with the key point at 91,500 confirmed again.
Subsequently, the market entered a consolidation range, and the bulls seized the opportunity to counterattack, gradually recovering the previous losses. The current market is showing a pattern of bulls repairing the earlier trend.
Given that the domestic market is under pressure but has not been broken, the morning session is likely to witness a strong counterattack from the bulls. It is important not to be misled by the current price near the mid-range level of 94,000. In terms of indicators, the KDJ indicator has contracted, and it is expected to form a golden cross, which means the bulls still have significant upward potential.
Therefore, in the morning session, we should maintain a low-long strategy,
It is recommended to go long on Bitcoin near 91,500 - 92,000, with a target of 95,000 and a medium to long-term target of 98,000!
It is suggested to go long on Ethereum near 3,300 - 3,320, with a target of 3,500!
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