Bitcoin rebounded above $98,000 during the day and has basically remained stable, with overall prices maintaining a narrow range above the MA5/10/30 day moving averages. It has not yet lost the support of the 4-hour MA30 day moving average. It is expected that there will not be significant fluctuations before the U.S. stock market opens. We will pay close attention to the market trend changes after the evening U.S. stock market opens. It is still recommended to take a long position and patiently wait for a pullback opportunity. The overall approach remains as discussed in the midday article analysis, first looking at the 4-hour MA30 day moving average and the daily MA5 day moving average for gains and losses. If it loses support, we will look for a retest of the daily MA10 day moving average at the 95,000 level. In U.S. market trading, we will wait for a pullback opportunity to go long.
Ethereum welcomed a catch-up opportunity today, directly testing and breaking through the 3,500 high point. Currently, the 4-hour chart is showing consecutive positive candles, firmly standing above the 5/10 day moving averages. The 4-hour MACD has formed a golden cross upward. If it can continue to hold above the 1/4 hour MA5/10 day moving averages tonight, we can expect further catch-up trends.
Evening thoughts:
BTC: Long position at 9.76 with light leverage, add to long at 9.7 on pullback, target above 9.85
ETH: Long position at 3480 with light leverage, add to long at 3430 on pullback, target above 3600
