Monday evening Bitcoin and Ethereum strategy:
Bitcoin rebounded after dipping near 93000 in the early morning, forming a long lower shadow K-line, validating the effectiveness of the support near the 93000 level. The current price is fluctuating around 95500, with short-term moving averages showing signs of turning upward.
The MACD histogram remains positive and is gradually lengthening,
The new week opens by testing support before rebounding, creating a multi-timeframe resonance with the daily and four-hour charts. There is a demand for correction below the middle band of the Bollinger Bands, opening up space for a short-term rebound.
Action direction
If Bitcoin retraces to the 94000-94800 range, aim for 96500, targeting 98000.
If Ethereum retraces to the 3120-3160 range, aim for 3250, targeting 3300.
If Bitcoin continues to break below the 93000 support level, it indicates that the correction is not over, and further declines should be expected, waiting for a stabilization rebound at a lower position.
