25.1.4-8.49PM
Previous Review: Yesterday, the Bitcoin long position near 96300 successfully hit a peak around 99000, achieving nearly three thousand points. Ethereum was not entered because it was about a dozen points away from our predicted entry point. Market sentiment continues to rise; this round of market movement is no longer solely reliant on Bitcoin's independent rise but rather the altcoins are becoming more prominent. More people hope that Bitcoin can consolidate at this level to allow altcoins to charge forward. The return of market sentiment represents everything; let's see how today's market is laid out.
BTC 4-hour intra-day market trend viewpoint and strategy
Bitcoin encountered resistance at around 99000 after a rise. The trading volume continues to slightly increase, but it has not supported a price breakout. The high point at 98949 is worth noting. Currently, the SKDJ shows an overbought state, and a pullback is needed to test support before it can gather strength for a second attack. The lower support is at 96972, and the second support is at 95750, which is also a preliminary entry point for taking long positions. Do not chase highs; only trade the market, do not let the market trade you. The initial return of market sentiment still requires waiting for a large influx of funds to support a Bitcoin rise, leading the market to new heights.
ETH 4-hour intra-day market trend viewpoint and strategy
Ethereum strongly broke through the N-shaped high point, and the trading volume has also been released well, continuing to slowly increase the price. With this trend emerging, I can confidently enter. The first support we see is at 3576, and the second at 3540, which is a stronger support. These two points serve as preliminary entry points, still needing confirmation from other dimensions.
Intra-day strategy
BTC
B: 96972-95750
T: 94763
S: 99194-103945
ETH
B: 3576-3540
T: 3511
S: 3760
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