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The midday market is fluctuating and consolidating, with a slow recovery pace. Bitcoin surged to around 75,200 before facing resistance and pulling back. Ethereum retreated slightly around 2,410. The overall trend remains relatively strong.
Focus on the market's recovery strength; if it fails to push higher, consider shorting. If it dips and stabilizes, go long at low levels, aiming for a second upward move.
One-hour interval is contracting, with the channel narrowing. In the short term, stabilization and rebound are expected. Bullish volume is sufficient, moving averages are trending upward, and the small-cycle trend is relatively strong. In the afternoon, look for continued warming and upward movement, mainly taking long positions at low levels.
The daily chart shows a stable trend, with weak correction strength. Bullish volume continues to be released, support levels keep moving higher, and there is no room for downside in the bears' space. The overall market is dominated by bullish momentum.
Bitcoin trading suggestion: go long around 74,200, targeting 75,200-76,200
Ethereum trading suggestion: go long around 2,370, targeting 2,420-2,470#WCTC交易赛瓜分800万USDT $BTC $ETH