After two days of gradual decline over the weekend, the price of the coin dropped from 97,810 to around 95,200 this evening. It is clear that it did not break the 95,000 mark. The gradual decline over the past two days has also prepared us for the bulls' momentum, especially since it did not break 95,000. Therefore, it is evident that the support at the bottom still exists. Currently, the price has pulled back to around 95,600.
From the one-hour technical indicators, the price of Bitcoin is located above the middle band of the Bollinger Bands, and there are signs that the channel is opening upwards, indicating strong bullish strength; the KDJ indicator shows all three lines in the oversold zone, with the J value turning upwards from a low position, suggesting that bearish pressure has been sufficiently released, and bulls may counterattack at any time; in the MACD indicator, the DIF line is close to the DEA line at a low level, with the histogram shortening, indicating a decline in bearish energy and accumulation of bullish strength. Overall, although Bitcoin is experiencing short-term fluctuations, bullish strength is gradually building up, and there is hope for an upward breakout.
Bitcoin strategy: Buy near 95,300, target 96,800
Ethereum strategy: Buy near 1,820, target 1,880
