Good morning everyone! Let's talk about Bitcoin. Overall, there hasn't been much change. Currently, based on short-term volume and candlestick structure, the primary resistance levels above are 87500 and around 89600. This area is the upper limit of the recent fluctuation range, as well as the short-term resistance levels of the 5-day and 10-day moving averages. Before breaking through and stabilizing above these levels, rebound momentum is likely to be limited.
Currently, Bitcoin is still relying on the pullback opportunity at 86800 for light long positions, which is the same as yesterday's publication. We are about to close the daily line, so let's observe the rebound situation at the close. Continue to pay attention to the integer level of 90000, with the same strategy as last night.
On the other hand, the current four-hour level trend of Ethereum is relatively independent. Yesterday, I also wrote that everyone should attempt to go long in the 2850-2830 support range. This position is a resonance support between the middle band of the Bollinger Bands on the four-hour chart and the previous low point. Moreover, the MACD indicator is still in a golden cross formation, which provides some short-term resistance to downward movement.
In the short term, Ethereum still needs to pay attention to the stabilization at 2950. It's fine to try going long here, but one must be aware of the stabilization situation. If it breaks below 2925, one should exit. For upward speculation, the rebound range of 3150-3200 is also the upper limit of the previous fluctuation platform and an important resistance zone for the mid-term trend. At that time, one can gradually follow up based on new support levels.
