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Latest analysis of BTC/ETH on Tuesday, 9.9 afternoon
From the current market perspective, after yesterday's performance which saw a Waterloo-style decline, it quickly rebounded after touching the bottom support, pushing towards the 113000 mark. The key resistance level has once again come under pressure and retreated. Currently, it remains within a wide range of fluctuations. Recently, the market sentiment has been quite competitive between bulls and bears, and in terms of operations, one can buy on dips!
From the four-hour perspective, the Bollinger Bands are expanding upwards, and the trend is operating in the upper-middle band. The decline is gradually weakening, an upward wave pattern has formed, MACD bullish entities are increasing, and KDJ has formed a golden cross upward at the bottom. In terms of operations, maintain a focus on low volatility!
BTC: 110500-111000 range, targeting around 113000-113500.
ETH: 4230-4260, looking up to around 4480-4520