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Tuesday early morning market fluctuations can be described as tumultuous. Bitcoin quickly recovers after a brief correction, and the overall bullish sentiment remains strong. On the hourly chart, although there have been three consecutive downward candles retracing, the upward momentum resumes afterward, showing a quite resilient trend. Ethereum also performed well, surging over 100 points in the early hours, with only a slight pullback of about 30 points, and the bullish momentum remains undiminished.
From the 4-hour perspective, since the morning of January 1st, the K-line has been mostly bullish with fewer bearish candles, staying close to the upper Bollinger Band and moving upward. After a short-term breakout above the upper band, it slightly retraced. From a technical analysis standpoint, this indicates a strong bullish signal—MACD remains in a bullish crossover above the zero line, and the green momentum bars continue to grow. The 8-hour chart also shows a similar strong pattern, but there is a detail to watch: the KDJ and RSI indicators on the 1-hour, 4-hour, and 8-hour charts are starting to turn, and with the price approaching the key resistance level of 95,000, the risk of a short-term correction should not be underestimated.
In terms of trading strategy, it is still recommended to mainly focus on low-position long entries, but be sure to set stop-loss orders to leave room for potential pullbacks.
Specific references:
Consider long positions in the 93,800-94,200 range for Bitcoin, with a target of 96,000 above.
For Ethereum, position in the 3,220-3,240 range, with an upward target of 3,400.