In the early hours, after testing the support line at 94150, the price entered a phase of range-bound oscillation. By the morning, the market rebounded again, showing a spike pattern, with the price directly rising to the line of 96797. This rebound correction was slightly stronger than we expected. Our earlier strategy was to position long in the 944-940 range, targeting the line of 95800, and the market is developing as anticipated.
From the current trend, the daily line has continuously formed small bullish candles, showing a two-candle bullish uptrend, with relatively long lower shadows, indicating strong support below. On the four-hour chart, the price obtained support at the lower boundary, forming three consecutive bullish candles with long upper and lower shadows, showing a tug-of-war between bulls and bears. The Bollinger Bands are trending toward parallel operation, with resistance near the 97000 line. In the short term, if the price cannot break through this resistance level, it is likely to continue oscillating within the current range. Currently, there is still some space for an upward move, and it is recommended to position long on dips, looking for continuation in the bullish trend.
Buy Bitcoin near 96000, target near 97800; buy Ethereum in the range of 1790-1800, target near 1870. #美联储FOMC会议 #美国众议院市场结构讨论草案 #币安LaunchpoolSXT
