Shanhe Brother's Coin Analysis: Tuesday Afternoon Bitcoin and Ethereum Trading Suggestions and Analysis Strategies

CN
10 months ago

The morning and morning trading of AICoin were not very active on Tuesday, and most of the time was in a state of oscillation and consolidation. In the morning, Bitcoin only retreated to the 69768 level, and the bulls began to rebound and recover, with the price reaching a high of 70729, showing signs of stabilizing around the 70000 mark. Ethereum dipped to a low of 3580 and reached a high of 3645 in the morning. The overall trend is in a strong correction state. Although the price movement is not significant, there are still relatively good gains in short-term risks. The bullish outlook provided in the morning accurately grasped the basic trend of the market. The positions entered by "Shanhe Brother" near 69970 and 3603 were successfully closed as Bitcoin rose to around 70660, gaining 690 points, and Ethereum rose to around 3643, gaining 40 points.

From the current market perspective, Bitcoin's daily chart continues its bullish trend, showing four consecutive bullish candlesticks with full bodies. The expected retracement is not significant, and it has gradually stabilized around the middle rail, which is the lifeline of the bulls. The trend has once again returned to the bullish side. On the 4-hour chart, the price of Bitcoin has been rising from below the middle rail to above the upper rail, pressing against the upper rail in the Bollinger Bands, with little room for adjustment. The upward structure is also very obvious. The price has once again broken through the short-term high point and is expected to continue to maintain a long position with the middle rail as the critical point.

Bitcoin can be directly bought near 70500, with a target focus on 72000-73000. Ethereum can be directly bought near 3620, with a target focus on 3750-3800.

No matter if you are a novice or an experienced trader struggling in the market, or seeking stable profit methods, or feeling confused about long-term, medium-term, and short-term investments, you can find guidance from "Shanhe Brother" to improve your practical trading skills and survive in the market in the long term.

You can follow the official account: "Shanhe Brother Discusses Coins" for real-time guidance and strategy benefits.

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