After BTC broke below the 91,000 level in the early morning, it quickly rebounded, forming a short-term V-shaped recovery pattern. However, multiple attempts to break through the 94,000 level faced selling pressure and fell back, with the daily candle closing bearish, highlighting strong resistance above. The core support for the day is focused on the 90,000-90,600 range, with 94,000 as the resistance zone. Although there are signs of increased volume on the daily chart, the MACD has not been able to break through the zero axis resistance, and both bulls and bears are waiting and gathering momentum.
Trading Directions
BTC: If it rebounds to the 92,800-93,200 range, target 91,500, with a lower target of 90,000. ETH: If it rebounds to the 3,200-3,230 range, target 3,150, with a lower target of 3,100.
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Friday Daytime BTC and ETH Strategies
After BTC broke below the 91,000 level in the early morning, it quickly rebounded, forming a short-term V-shaped recovery pattern. However, multiple attempts to break through the 94,000 level faced selling pressure and fell back, with the daily candle closing bearish, highlighting strong resistance above. The core support for the day is focused on the 90,000-90,600 range, with 94,000 as the resistance zone.
Although there are signs of increased volume on the daily chart, the MACD has not been able to break through the zero axis resistance, and both bulls and bears are waiting and gathering momentum.
Trading Directions
BTC: If it rebounds to the 92,800-93,200 range, target 91,500, with a lower target of 90,000.
ETH: If it rebounds to the 3,200-3,230 range, target 3,150, with a lower target of 3,100.