Tuesday Evening Analysis

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

but this time altcoins did not follow the decline.

This second test is actually a form of healthy market adjustment behavior,

after all, no one in the market possesses boundless chips to continue crashing prices,

everything has a limit, and extremes must reverse.

Currently, in a bullish market environment,

after multiple clean-ups,

the downward momentum has gradually weakened.

In terms of 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 solid,

it is undoubtedly a positive signal for the bulls to start a rebound.

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

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

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