From the current overall market structure, the trend has been in a slow bullish recovery after the previous decline. After yesterday’s continuous upward rebound, it is now in a consolidation phase. Looking at the 4-hour structure, the price has broken through the middle band, and the bulls are gradually entering a phase of gaining momentum. The upward moves are confirmed only after supporting at the bottom, so the best approach now is to avoid chasing short positions. Always remember, opportunities are reserved for those who are prepared. Do everything that needs to be done, and then wait for the wind to come.

The daily chart has already shown a turning signal, with a shadow bottoming out and rebounding, and the candlestick pattern is showing consecutive bullish days. Since the decline was quite deep, a rebound correction is expected. Currently, on the 4-hour chart, after a significant pullback, the price is moving in a sideways upward rhythm. Although the rebound momentum isn’t very strong, a gradual upward trend is undeniable. As the price gradually rises, once it breaks through 70,000 and stabilizes effectively, there is a possibility for further upward movement. Therefore, at this turning point, it’s important to defend against continued upward movement. The trading approach should be to buy on dips.

Tuesday evening trading suggestions:
Bitcoin: 68,700-68,500, buy, target focus on 70,000
Ethereum: 2,100-2,080, buy, target focus on 2,200