In the early hours of yesterday, Bitcoin bulls surged to 94,800 but faced pressure and fell back, maintaining a fluctuation range of 93,500 to 96,000 throughout the day. The daily line closed with a small bullish candle and long shadows, indicating intense competition between bulls and bears. The current price is consolidating around 94,000 with significant resistance above, and the short-term trend leans towards a pullback for accumulation.
Trading Suggestions
Bitcoin: Short lightly in the 94,300-94,600 range, with a stop loss above 95,000 and a target of 93,000 (if this level breaks, look towards 92,500).
Ethereum: Gradually short in the 1,810-1,830 range, with a stop loss at 1,845 and a target of 1,760 (strong support at 1,750).
Resistance Verification: Bitcoin 94,800 / Ethereum 1,830 are recent resistance levels that have been tested multiple times, with clear selling pressure.
Indicator Correction: The 4-hour MACD shows a decrease in volume, and the RSI has retreated from the overbought zone, indicating a need for technical correction.
