Tuesday afternoon Bitcoin Ethereum market analysis and trading suggestions

Recently, the market has been repeatedly blocked near 4330 for Yitai, and it is currently under pressure entering a high-level consolidation. The price is operating around the 4290 position, and the overall upward trend has not changed. The price has also rebounded multiple times during the pullbacks, maintaining a fluctuating upward rhythm. In the afternoon, continue to maintain the strategy of buying on dips.

Technical analysis of Bitcoin on the hourly level: The current market shows that the lower Bollinger Band has shown signs of an upward turning point, indicating that the short-term support area is gradually strengthening. Prices continue to oscillate within a narrow range near the lower band, with K-line entities and volatility significantly converging, indicating that the short-term downward momentum is weakening, showing initial signs of stabilization. It is worth noting that the trading volume during the pullback process has continuously shrunk to recent low levels, suggesting that the selling pressure from the bears is nearing exhaustion. Although the mid-point of the Bollinger Band still maintains a downward trend, the strengthening of support at the lower band combined with the technical pattern of reduced volume stabilization suggests a potential technical rebound opportunity in the short term. If prices can effectively break through the upper edge of the current oscillation range with increased volume, the bulls are expected to leverage the support formed by the lower band to attempt a counterattack towards the mid-point resistance.

Operation Suggestions:
The effectiveness of support near 118500 for the large cake is valid. If there are clear signs of stabilization, consider lightly positioning long positions. The short-term target is around the 120000 area (corresponding to the dynamic pressure of the Bollinger middle track). Be sure to set strict stop-losses.
The validity of support near Ethereum 4250 is effective; if it stabilizes, a small position can be attempted for a long position. Pay attention to a short-term target around 4350. Be sure to set strict stop-loss.

Core logic: Short-term technical repair rebound in the game. Trading decisions should closely track the situation of volume and price coordination, as well as the effectiveness of breakthroughs at key resistance/support levels.
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