On the weekend, a continuation of a slightly bearish fluctuation occurred. The long positions added at 96000-95500 and 1810 last night gained 400 and 30 points respectively for Bitcoin and Ethereum. With the intention of taking advantage of the market, we managed to catch a bit of profit. Currently, we are at a stage where the price cannot go up or down. The support zone below is between 93500-95500, which has been a sideways range for a week and a half, making a sudden break below this range difficult. The four-hour top shows serious divergence, and over the weekend, the market has been digesting without moving higher.
In the middle of the sideways range, the support in the 94000-94500 area is relatively strong. Recklessly continuing to short here has limited space and low cost-effectiveness. We can rely on the support below for short-term longs. Currently, there is no need to have a significant outlook for either short or long, as we are in a phase of switching between bullish and bearish.
Long at 94000-94500, targeting 97500.
Long at 1780-1800, targeting 1870.