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Explanation is the weakest defense, but the strongest counterattack. Instead of wasting energy on rumors, it's better to break through with action, turning all efforts into dazzling achievements. On Tuesday morning, Bitcoin and Ethereum once again experienced strong upward movements. Bitcoin started from a low of 79,715 and continued to break through resistance, reaching a high of around 81,278 before pausing and pulling back near midday. The overall movement of Ethereum was synchronized with Bitcoin, starting from a low of 2,343 in the morning and rising. Near midday, after reaching a high of 2,389, it experienced a slight pullback.
From the current market structure, after testing the middle band support of the Bollinger Bands on the hourly chart, the price showed a strong rebound with six consecutive bullish candles. Although recent K-line charts often show long upper shadows and doji patterns, in the short term, the strong surge accompanied by pullbacks and corrections is a healthy trend, consistent with the current market behavior. The overall trend maintains a step-by-step upward pattern of "rebound with each step, pullback with each step." This round of strong upward movement has caused the upper band of the Bollinger Bands to continue expanding, further opening up space for upward movement. The bulls still dominate the short-term market. In summary, the afternoon trading strategy remains focused on buying on dips, riding the trend to capture bullish opportunities.
Trading ideas:
Bitcoin: Buy around 80,500~80,000, target 82,000
Ethereum: Buy around 2,350~2,330, target 2,450