Currently, Bitcoin has reached an important price of 94300, showing a trend of stabilizing at 94000, and the Bollinger Bands are displaying an opening pattern. Technically, this indicates a rebound upward trend. If BTC experiences a slight decline but does not drop below 94000, it will continue to rise.
Afternoon Market Analysis
$BTC Direction: Currently a fluctuating upward trend, with a consolidation range of 94000--94500. Stabilizing at 94000 could lead to an increase to 94800-95300.
Upper resistance level: 95300
Lower support level: 92700
This morning we mentioned that the overall trend for ETH is fluctuating downward. ETH tested the lower point of 1750 before rebounding and forming a V-shaped recovery, rising to a high point near 1800, with 1810 being a resistance price!
$ETH has reached an important price of 1800, showing a trend of stabilizing at 1800, and the Bollinger Bands are displaying an opening pattern. Technically, this indicates a rebound upward trend. If ETH experiences a slight decline but does not drop below 1793, it will continue to rise, and we will cancel the short strategy at our upper resistance point!
Afternoon Operations
ETH Direction: Currently a fluctuating upward trend, with a consolidation range of 1793---1815. Stabilizing at 1800 could lead to a rise to 1832.
Upper resistance level: 1866
Lower support level: 1780
