Yesterday's market once again completed its movements. Let's briefly review the intraday market fluctuations. Bitcoin dropped to around 93367 in the early morning yesterday and then made a wave of bottom rebound, gradually rising amid volatility. It rebounded to a maximum of around 95415. After touching the upper pressure level near the high of the range, it retraced again. After retreating to around 94100, it rebounded once more, and in the evening, it tested near the high point of Bitcoin again. Overall, the market presented us with a fluctuating tug-of-war style, switching back and forth between narrow and wide ranges, which is consistent with the recent consistent observation of range-bound fluctuations. The intraday trades are primarily focused on short-term strategies, finding the right entry points, and timely adjustments. The accumulation of positions has been quite ideal as well.

Bitcoin made a wave of bottom rebound yesterday and, so far, the price has remained at a high level without showing a decline. The daily line shows an elongated lower shadow, and Ethereum has also displayed a similar pattern, though the volatility range is slightly smaller. It is continuously tugging at the upper range, and the entity bars appear more robust. From the 4-hour chart, since recovering, the price has continued the pattern of last week's fluctuations. There has been no breakthrough on the upside, and no continuation on the downside. Currently, we look towards 96000 on the upper side and around 91000 on the lower side. For Ethereum, we look for a breakthrough at 1860 on the upper side and support at 1700 on the lower side. In the future, we will continue to pay attention to the gains and losses of the high and low points. Currently, the price is near the high point of the range. Operations can be initiated above 95000 in the early morning, and after falling to near the low point of the range, we can then handle it with a low buy.

Bitcoin can be shorted at 95300-95800 with a target near 93500, while Ethereum can be shorted at 1820-1850 with a target near 1720. #加密市场反弹 $BTC