After the morning price of the coin surged to 97,700, it started to pull back slightly, with a drop reaching a low near 96,000. In the afternoon, the coin price began to fluctuate around 96,300 and has currently climbed to the 97,000 mark. If it firmly stands above 97,000 while testing the upper resistance, the price may further rise. Currently, the price has pulled back to around 97,000.
From the one-hour technical indicators analyzing Bitcoin's trend, the BOLL indicator shows the price above the middle track, with the upper track diverging upwards, allowing bulls to push the price higher. The KDJ indicator shows all three lines above 50, with the J value overbought but the K and D lines diverging upwards, indicating that bullish momentum is not exhausted. In the MACD indicator, both DIF and DEA are above the zero axis and DIF is above DEA, with a positive histogram that has height, indicating strong bullish dominance and a strong market sentiment. In the short term, Bitcoin is expected to continue its upward trend.
Bitcoin strategy: Buy near 96,500-96,800, target 98,000
Ethereum strategy: Buy near 1,810-1,820, target 1,880
