The early morning market saw increased volume, with the overall price breaking through the key resistance level of 94,000. During the daytime session today, there was a slight correction, but the price did not fall below the 93,000 level. Currently, there are signs of stabilization in the short term, and the bulls still hold a certain dominance in the market. Regarding Ethereum, it synchronized with Bitcoin's strong volume increase, temporarily breaking the key resistance at 3,250. Currently, the 3,200 level is showing signs of stabilization. Recently, since the market broke through the 91,000 level, maintaining a bullish outlook has yielded some gains. In tonight’s live broadcast, two orders—one at market price, one short—both reached their target levels and exited.
Looking at the current chart, the daily structure continues with strong bullish momentum, with the market breaking above the previous high of 94,500. However, it has not yet stabilized, and the overall market has not closed above the 94,000 level. Today’s small bearish candle pattern indicates a consolidation after a rally. The current correction space is not expected to be large, and the bullish trend remains strong. Combining the four-hour chart, after a correction with three consecutive bearish candles, the market turned positive again, indicating an overall stepwise upward trend. Each correction tends to stabilize at round number levels, suggesting that there is still room for short-term recovery. If the short-term upward trend continues at round number levels, our outlook remains bullish. Meanwhile, the recent rally needs to be watched for resistance levels that have not been broken decisively. Corrections are still possible, with a gap around 90,500 at the bottom. It is recommended to consider long positions around 93,000 with a light position.
Bitcoin can be lightly long around 93,000, targeting around 96,000. Ethereum can be long around 3,200, with a target near 3,320. #BTC #ETH
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The early morning market saw increased volume, with the overall price breaking through the key resistance level of 94,000. During the daytime session today, there was a slight correction, but the price did not fall below the 93,000 level. Currently, there are signs of stabilization in the short term, and the bulls still hold a certain dominance in the market. Regarding Ethereum, it synchronized with Bitcoin's strong volume increase, temporarily breaking the key resistance at 3,250. Currently, the 3,200 level is showing signs of stabilization. Recently, since the market broke through the 91,000 level, maintaining a bullish outlook has yielded some gains. In tonight’s live broadcast, two orders—one at market price, one short—both reached their target levels and exited.
Looking at the current chart, the daily structure continues with strong bullish momentum, with the market breaking above the previous high of 94,500. However, it has not yet stabilized, and the overall market has not closed above the 94,000 level. Today’s small bearish candle pattern indicates a consolidation after a rally. The current correction space is not expected to be large, and the bullish trend remains strong. Combining the four-hour chart, after a correction with three consecutive bearish candles, the market turned positive again, indicating an overall stepwise upward trend. Each correction tends to stabilize at round number levels, suggesting that there is still room for short-term recovery. If the short-term upward trend continues at round number levels, our outlook remains bullish. Meanwhile, the recent rally needs to be watched for resistance levels that have not been broken decisively. Corrections are still possible, with a gap around 90,500 at the bottom. It is recommended to consider long positions around 93,000 with a light position.
Bitcoin can be lightly long around 93,000, targeting around 96,000. Ethereum can be long around 3,200, with a target near 3,320. #BTC #ETH