Thursday, good morning to a new day!

Overnight, the Bitcoin market showed limited fluctuation, and even with the support of the Federal Reserve meeting, the price did not exhibit significant volatility. In the early hours, the price hit a low of 95700 and then stopped. The bulls and bears remain in a stalemate, and the overall situation maintains a range-bound rhythm. From the current technical structure, although the larger trend is still upward, both the bullish and bearish forces are not strong in the short term. The overnight pullback did not provide a clear break below. From a daily perspective, the rebound space and pattern are still insufficient for a major breakout. The middle track has some support while the upper resistance is also quite evident, with limited fluctuation space. If there are no major news stimuli in the short term, the market will likely enter a range-bound rhythm. Given that the current market price has returned to the upper range, the short-term strategy in the morning can be to try a short position first to see if it pulls back, and then enter a long position once it touches support and stops. Do not break the previous high; use a buy low and sell high strategy within the range!

On Thursday morning, Bitcoin is currently quoted around 97300. For aggressive traders, shorting at the current price is advised, with the stop-loss still placed above the previous high at 98000, while attention should be on the 95000 level below. Stop and then reverse to enter a position. As for Ethereum, it continues to fluctuate within a small range, with resistance still concentrated in the 1850-1880 area and support in the 1730-1750 area. In terms of operation, refer to high sell and low buy strategies within this range. If it breaks, follow up accordingly.