Monday afternoon Bitcoin and Ethereum market analysis and trading advice
Bitcoin's rebound trend continues to strengthen, with a clear upward trend. During the day, one can still pay attention to the opportunity to lay out long positions after a pullback. After the weekend's fluctuations and consolidations, BTC today has shown strong momentum, rising approximately 2000 points in a single day, indicating that the market's bullish momentum is strong and the willingness of funds to participate is active.
From a 4-hour technical structure perspective, the MACD indicator has formed a golden cross and continues to extend upward, accompanied by a moderate increase in trading volume. The price is steadily operating in the upper Bollinger Bands area, overall in a phase of bullish momentum release, indicating that there is still further upward space in the future. The 1-hour chart continues to maintain a unilateral upward trend, with no significant signs of weakness or top structure appearing during the day; the short-term trend remains strong, and the price has stable upward momentum.
In summary, the market's short-term sentiment leans bullish, the technical structure supports are solid, and it is recommended to continue to follow the trend in operations, paying attention to long entry opportunities after the price pulls back to key support areas. Attention should be paid to position management and responding flexibly in conjunction with real-time trends.
Afternoon reference:
Bitcoin can focus on long position opportunities around 88800-89300, with a target of 91000.
Ethereum can focus on long position opportunities around 2980-3000, with a target of 3100.
