The fluctuations in the cryptocurrency market are not a decree of fate, but a practice of cognition and determination. Within the alternating red and green of candlestick charts lies the greed and fear of human nature, as well as the faint light of long-termism. Looking back at the morning, Bitcoin rebounded from a low of 92628 to a high of 94040, followed by some pullback. Ethereum synchronized with Bitcoin's rhythm, rebounding to around 3239, then retracing to around 3210 for consolidation. The long position layout around 92500-92000 for Bitcoin given in the morning accurately predicted the market trend.
From the daily chart of Bitcoin, after two consecutive days of increase, the price has stabilized above the MA5 and MA10 moving averages. Currently, the pressure above focuses on the MA30 moving average at around 9.4; if it can effectively break through and stabilize, it is expected to further extend the rebound trend. Observing from the hourly level, the short-term price is steadily rising along the MA30 moving average at around 9.3, with key support focusing on whether this MA30 level will be broken. The daily chart of Ethereum shows two consecutive large bullish candles, with the price rebounding to the MA256 daily moving average around 3170, currently consolidating at this position. Future attention should be paid to whether the price can find support at the 3170 level on a pullback; if successfully held, it indicates that this position has turned from resistance to effective support, likely opening a new round of rising market. The pressure above can focus on the MA256 daily moving average around 3360 on the 4-hour level.
Operation suggestions:
Bitcoin: around 92500, target at 96000
Ethereum: around 3150, target at 3400
