Is the Bitcoin pullback a trap or an opportunity? Ethereum's key resistance level is about to break through!
🧐 Yesterday's review: Yesterday, the price of Bitcoin (BTC) experienced a pullback, currently hovering around $93,000. This is a normal adjustment following the breakthrough of multiple historical highs this month. We previously suggested reducing positions, and this wave of decline was mainly caused by profit-taking and market manipulation behaviors (such as 'spoofing'). There are no substantial negative news in the short term. This adjustment is accumulating momentum for the price, and there is still hope for an assault on the $100,000 mark.
As for Ethereum, it followed Bitcoin's pullback, but the decline was relatively small. It just broke through the important resistance of 3500 yesterday, and the trend remains strong.
📈 $BTC Analysis
Short-term (1 hour & 4 hours): Indicators are below healthy levels, entering the oversold area, indicating a need for correction.
Long-term (daily level): Indicators remain healthy, and the upward trend has not changed.
Today's focus: Support level 92000-93000; Resistance level 95000-96000. During the consolidation period, pay close attention to the 93000 support. If it holds, it can provide momentum for future upward movement!
📉 $ETH Analysis
Short-term: Maintaining healthy levels, stronger than Bitcoin.
Long-term: Above healthy levels, or welcoming a catch-up rally.
Today's focus: Support level 3300-3400; Resistance level 3500-3600. If Bitcoin consolidates, ETH is expected to continue leading the rally!
💡 Trading Suggestions
1. Bitcoin: During the consolidation period, you can lightly try long positions near 93000, with a stop loss below 92000, targeting the resistance area of 95000-96000.
2. Ethereum: Pay attention to the 3300 support. If it holds steady, you can follow up with long positions, targeting 3500-3600. Short-term operations must control positions well and patiently wait for opportunities.
🌟 Summary
Adjustment does not equal a bear market! Whether it is Bitcoin or Ethereum, both are building momentum in key areas. Do not be disturbed by short-term fluctuations, recognize the trend, and operate calmly!
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