#BTC 5.7 Morning Mainstream Coin Analysis

Yesterday, the market exhibited a typical fluctuating recovery trend. Bitcoin found support after reaching the 93300 level and began to consolidate within the range. By the early hours, bullish strength increased, leading to a direct rebound from the bottom, and in the morning, it touched a recent high of 96797. This aligns with our expectations from yesterday! Those who followed Guiguzi successfully enjoyed bubble tea.

From the current chart, Bitcoin's daily candlestick chart has consecutively formed small bullish candles, creating a two-consecutive bullish pattern with a notable lower shadow. This indicates strong support below, where bearish forces are facing robust resistance. In the 4-hour chart, a similar three-consecutive bullish upward trend appears, with long upper and lower shadows, showing intense tug-of-war between bulls and bears in recent times. The BOLL channel is currently trending parallel, indicating that the market is in a phase of consolidation. The significant resistance level remains at the 98000 line; if this position cannot be effectively broken through in the short term, it is likely to maintain a consolidation pattern within the current range. Given that the current coin price is close to the upper boundary of the range, unless there is an effective breakthrough and stabilization above 98000, we can look for a wave rebound to short in the morning.

In the morning, Bitcoin can be bought in the range of 98500-98000, targeting around 96000, while Ethereum can be bought in the range of 1870-1850, targeting around 1810.