5.3 Daytime Thoughts
In the early morning, Bitcoin reached a high of 97661 before facing pressure and retreating, dropping to a low of around 96510. Subsequently, bulls made a brief counterattack to 96861 but lacked momentum, leading bears to force the price down to a low of 96389. Currently, it has slightly rebounded to around 96600 and is oscillating in consolidation. The technical analysis shows that 96389-96600 forms a short-term support zone. Considering that bear momentum has been released, it is recommended to focus on short-term low-buy strategies, with the upper key resistance zone at 97000-97200. If there is significant pressure, a short-term profit-taking strategy can be considered. Caution is advised as a valid drop below the support at 96300 could lead to a decline towards the 96000-95800 area. With low liquidity in the early session, it is advisable to operate with light positions and strict stop losses. The current market is in a stage of oversold recovery, and low buys near key support levels are more cost-effective, but risk management should be prioritized.
Operation Suggestions
Buy Bitcoin near 96000, target 97300
Buy Ethereum near 1800, target 1860
