Thursday early morning Bitcoin Ethereum market analysis and daily summary



After a strong recovery completed by Bitcoin at midnight, the price is currently maintaining a high-level fluctuation, with bullish energy being somewhat released, and the price reaching a peak of 114200. The overall market is currently leaning towards strength, still in the rhythm of rebound and repair. We also perfectly targeted a short opportunity during the day, achieving expected results—Bitcoin seized another 2937 points, and Ethereum followed up with a gain of 280 points. However, during the second short entry at midnight, I greedily lost 78 points, but overall, we still made a lot of profits. The strategy for the day is primarily focused on stability, with a clear thought process and execution in place, overall rhythm being quite accurate. Since the trend is clear, one should go long when it's bullish and short when it's bearish—different trends require different strategies. All ideas were laid out in advance, with rationale and traceability. Friends following the operations should pay attention to reasonable position control.

Structurally, it is still in a phase of oscillation and repair, and the pullback can only be seen as a correction rather than a breakdown. Although the one-sided momentum is not particularly strong at the moment, the support below has gradually become clear. Despite the daily line having previously broken through a key position, there is still certain adjustment space below based on the current pattern. The focus is on the choice of stabilization position—whether it will recover strongly or turn into a downward trend, which will be a key observation in the coming period. The high-level pullback in the short cycle shows weakness, and it is recommended to follow the long side in the short term this morning, observing the continuity of the rebound and repair, and then considering whether to position for a swing long based on the strength later.

Operating Suggestions:
Bitcoin 112800-113300 range watch, see 115000
Ethereum 4200-4230 range, look at 4400
Bitcoin defends below 112600, Ether defends below 4200
In the early morning, the short-term trend is still limited, and we expect a pullback space. If the bulls continue strongly, we will follow the trend!
#加密市场回调# #杰克逊霍尔会议# #Gate Alpha空投ESPORTS#
BTC-1.64%
ETH-1.94%
ESPORTS-6.26%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)