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Tuesday, Bitcoin and Ethereum midday analysis
The early morning tip of 69,000 for a direct long was simply a stroke of genius, with a 1,500-point profit as expected. Currently, the bulls are pushing higher to the 70,500 area, facing resistance and pulling back for correction. The pattern and structure still look relatively strong.
On the four-hour chart, there are signs of another surge, likely a deep V-shaped rebound. The resistance above is concentrated at the 74,000 high. We have already entered long positions again this afternoon, patiently waiting for a rally in the evening.
As long as Ethereum stabilizes above the 2,000 mark, it will continue to explore higher levels. For those who followed the long positions in the morning, keep your core holdings. Alternatively, watch around 2,130; if broken, reduce your positions. The possibility of Bitcoin and Ethereum breaking previous highs is very high, so be cautious with shorts!#加密市场上涨