The cryptocurrency market is a field full of unknowns and possibilities. Here, those who are brave enough to explore the unknown and dare to try innovation will eventually reap their own success. Do not fear failure, for each failure is a valuable experience on the road to success. The Bitcoin market was relatively slow at midnight yesterday, with little change in price. The midnight market first saw a slight pullback, reaching a low of 92969 before stopping, and then began to rebound, with the highest point reaching around 93539. The Ethereum market followed a similar pattern, first retreating to a low of 1749 before rebounding to around 1765.
According to the current market conditions, the four-hour level shows that the market is gradually approaching the upper Bollinger Band with a three consecutive bullish candle formation. The Bollinger Band is opening upwards, indicating strong bullish momentum, with all moving averages advancing together, suggesting the continuation of an upward trend. From the one-hour level, the market has stabilized above the middle band, currently maintaining a slow upward trend with small steps. Although bears have made some counterattacks along the way, their strength is not significant, and the moving average indicators in the short cycle are still showing bullish divergence. Therefore, morning operations should primarily focus on bullish positioning.
Buy Bitcoin around 93000, targeting 94500.
Buy Ethereum around 1750, targeting 1830#BTC .