Tuesday Morning Aaron $BTC $ETH ‌Chart Analysis and Trading Strategy



The daily Bitcoin closed with a strong engulfing candlestick, recovering the previous three days' losses and returning to the upper band of the oscillation range. The overall trend is running in an uptrend channel, but momentum has weakened after the rebound rally with increased volume, and upper selling pressure is evident. Short-term upside faces resistance.

On the 4-hour timeframe, after testing lows, the rebound met resistance at the upper Bollinger Band. Bullish momentum is slowing, and volume is contracting. The most likely scenario is consolidation with pullbacks, showing short-term sideways consolidation. Chasing highs is not advisable.

BTC Trading Strategy $BTC

Entry zone: 69700 to 70700, accumulate long positions in batches with 69200 as the defensive line. Target levels: 71800, 72300, 72800. Reduce positions after reaching the first target, move the defensive level to the entry level, and preserve upside potential.

ETH Trading Strategy $ETH

Long Strategy: Entry zone 2100 to 2120, with 2080 as the defensive floor. Targets: 2170 to 2200.
Short Plan: If the rebound stabilizes between 2180 to 2200, follow the trend with targets at 2320 to 2380; if unable to break through and quick pullback occurs, watch support at 2070 below, with breakdown targeting 2050 to 2030.
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BTC0.24%
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