Tuesday Morning Bitcoin and Ethereum Market Analysis and Trading Recommendations
Reviewing yesterday, the overall market staged a strong rebound, beginning a sustained upward rise from the low of 62681 and testing the resistance zone above along the way. The bulls launched another strong rally in the evening, with Bitcoin reaching around 64600 at its highest overnight, rising by more than 2,000 points, while Ethereum simultaneously climbed to around 1918 at its peak.
The long position Zhilan had entered in advance at a low yesterday was originally intended to capture only a small rebound. After the bulls launched a strong rally, it successfully took profit and exited overnight, going long on Bitcoin at 62947 and exiting at 64414, capturing a 1,467-point gain.
The short-term bullish structure has now been repaired, and candlestick patterns across various timeframes are gradually strengthening. After surging higher, the market pulled back slightly for consolidation while continuing to trade above 64000, retaining momentum for further upward movement. Daily timeframe: A solid bullish candle was formed, and the price has now moved out of the previous low-level consolidation range. Support below continues to rise. After remaining under pressure for an extended period, the bulls have launched a strong counterattack, pushing the candlestick center of gravity higher and gradually solidifying bottom support. From a broader timeframe perspective, the bulls are gradually regaining short-term control. 4-hour timeframe: Consecutive solid bullish candles have formed a sustained upward move, strongly recovering most of the ground lost in the previous decline. Trading steadily above 63700 could initiate a 4-hour rise, with the next resistance target around the previous high of 64470. After short-term consolidation is complete, there remains room for a further upward test.
1-hour timeframe: Yesterday, the market formed a triple-wick bottom at the 62600 support level, solidifying the base. The lows and highs then rose simultaneously, with strong bullish candle continuation during the climb, successively breaking through multiple resistance levels at 63300, 63800, and 64000, which have now turned into support levels.
For short-term trading, follow the trend and continue looking for upward tests of resistance, buying on pullbacks to support while maintaining proper risk controls.
Bitcoin: Buy on a pullback to around 63800, target 65000→65700
Ethereum: Buy on a pullback to around 1905, target 1943→1967
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