4.2 Black Brother's Morning Analysis
Overnight, the price of Bitcoin rose to 84,450 and then experienced a pullback in the evening, with the lowest dip reaching 82,520 before Bitcoin's price surged strongly. It jumped by 3,000 points in one go, with the price peaking at 85,438 in the early morning under pressure. Currently, Bitcoin is slightly retreating to around the 85,000 mark. On the daily chart, the candlestick shows a bullish absorption, reclaiming all the territory lost in the previous days, and the price has broken through the mid-band resistance, which clearly indicates that if this position stabilizes, there is still upward extension potential. After a series of bullish candles on the 4-hour structure, momentum has weakened. After breaking through the upper Bollinger Band, the price has begun to correct. However, it is important to note that there is resistance in the range of 85,500-86,200 from previous highs. This position is also a reference point for the bullish-bearish dividing line. Before the price breaks through this level, it is still recommended to short at high levels in the short term.
Black Brother's Morning Operation
Bitcoin retracing to around 84,500-83,700
Looking towards 85,700-86,500
Ethereum retracing to around 1,890-1,840
Looking towards 1,930-1,980