Life has no dead ends; as long as you face it bravely, difficulties can also turn into opportunities. Believe in yourself, you can create your own brilliance. Bitcoin surged to a high of 95,426 but faced resistance and has been in a retracement trend. In the early morning, it retraced to the 93,678 level and stopped, forming a rebound trend again. The recent rhythm is a continuous high-level oscillation cycle, with neither bulls nor bears having much continuation. Ethereum continues to maintain its oscillation; yesterday it faced resistance at a high of 1,842 and then slowly retraced. This morning, it retraced to a low of 1,779 and stopped, showing relatively strong performance, although space is still contracting, and fluctuations are small.
On the daily level, a small doji candle was formed this morning, indicating a shift between bullish and bearish; this is a normal adjustment rhythm within a strong market. The Bollinger Bands remain open upwards, with the daily chart continuing its sideways consolidation phase. On the four-hour level, space is contracting, and the Bollinger Bands are narrowing, with the coin price oscillating around the upper and lower bands. The cycle is corrected by horizontal consolidation instead of a downward correction, showing a strong corrective rhythm for bulls. In the future, we still expect bullish momentum to continue, and in the short term, the strategy remains to buy on dips; the overall direction remains bullish.
On Wednesday, Bitcoin can be bought around 93,800-94,000, with a target focus on 95,500-96,500.
Ethereum can be bought around 1,760-1,770, with a target focus on 1,850-1,900.
