Latest BTC & ETH Strategy for Tuesday Daytime

Currently, we are in a brief pullback and correction cycle. The downward momentum has shown clear signs of exhaustion, and the characteristics of a short-term bottom are gradually emerging.

Looking at the 4-hour chart, prices have consistently stayed above the middle band of the Bollinger Bands. Although the price has tested the pressure at the middle band multiple times, each dip has been quickly bought up, and the bears have never managed to break through this key support level. This fully indicates that the current pullback is merely a corrective adjustment in the ongoing uptrend, not a reversal. The bulls' foundation remains solid, and a rebound is imminent.

Examining the 1-hour chart, a W-bottom pattern has quietly formed, and the price is currently in the pullback phase at the neckline of this pattern. Combined with volume changes, this pullback has not been accompanied by increased volume, which is typical of a consolidation adjustment. It is expected that after touching the support below, a new round of strong bullish momentum will quickly unfold.

BTC: Long at 89,500-90,500, target 92,000, 93,000;
ETH: Long at 3,050-3,100, target 3,200, 3,260.

Personal views for reference only, not investment or financial advice!

#BTC #ETH #美联储降息预测 #SUIETF正式上线