BTC quickly stabilized after touching the key support at 90,800 in the early morning, then started a strong rebound and has now stood firm near the 92,000 mark. This pattern of first dipping and then rising highlights the strong bullish defense around 90,800. On the hourly chart, moving averages are turning upward, and the candlesticks show a continuous rebound pattern.
From a technical perspective, BTC has not only held above the important psychological level of 92,000, but also broken above and stabilized on the short-term moving average system on the hourly chart, forming solid technical support. More importantly, trading volume has expanded in sync during this rebound, and recent entries have been steady without disorderly following, providing a solid foundation for the continuation of the upward trend. The key short-term focus is on the effectiveness of support around 92,000. If consolidation and accumulation can continue above this area, the probability of testing the resistance zone near 93,000 will increase significantly. Overall, the early morning pullback was only a short-term technical correction and did not break the core support structure below. Strong buying at lower levels continues to underpin prices, and the market is currently showing a healthy, oscillating upward trend. The consolidation at 92,000 will determine the extent of the next rebound.
BTC: Long near 91,500, target 93,500, 94,800. ETH: Long near 3,120, target 3,200, 3,280.
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Friday BTC/ETH Latest Analysis
BTC quickly stabilized after touching the key support at 90,800 in the early morning, then started a strong rebound and has now stood firm near the 92,000 mark. This pattern of first dipping and then rising highlights the strong bullish defense around 90,800. On the hourly chart, moving averages are turning upward, and the candlesticks show a continuous rebound pattern.
From a technical perspective, BTC has not only held above the important psychological level of 92,000, but also broken above and stabilized on the short-term moving average system on the hourly chart, forming solid technical support. More importantly, trading volume has expanded in sync during this rebound, and recent entries have been steady without disorderly following, providing a solid foundation for the continuation of the upward trend. The key short-term focus is on the effectiveness of support around 92,000. If consolidation and accumulation can continue above this area, the probability of testing the resistance zone near 93,000 will increase significantly. Overall, the early morning pullback was only a short-term technical correction and did not break the core support structure below. Strong buying at lower levels continues to underpin prices, and the market is currently showing a healthy, oscillating upward trend. The consolidation at 92,000 will determine the extent of the next rebound.
BTC: Long near 91,500, target 93,500, 94,800.
ETH: Long near 3,120, target 3,200, 3,280.
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