Does Bitcoin's correction imply a new wave of increase? Is there profit to be made from Ethereum's rebound? Don't worry, let the data speak; we will provide a comprehensive analysis!
Part One: The Watershed of the Bull Market
🔹Current Situation Analysis: Bitcoin's recent rise can be described as textbook-level, but there was a slight pullback yesterday, briefly falling below the $93,000 support. Don't panic; this is a healthy correction. Historical data tells us that such adjustments often accumulate strength for greater rises.
📊 Data Deep Dive: On the 1-hour and 4-hour levels, the RSI indicator shows that the overbought area has been corrected, while the daily level remains strong.
Support Level: $92,000-$93,000; a break below may test the critical psychological level of $90,000.
Resistance Level: $95,000-$96,000; as long as this area is broken, a push towards $100,000 is still possible.
💡 Strategy Suggestion: Short-term investors can look for buying opportunities at lower levels, while long-term holders need not panic; the trend remains positive!
Part Two: Where are the rebound opportunities?
🔹Current Situation Analysis: Ethereum has closely followed Bitcoin, but its pullback has been relatively small. It just stabilized at the critical resistance level of $3,500 yesterday. The market generally believes that ETH may see a rebound during BTC's sideways movement.
📊 Technical Indicators:
On the 1-hour and 4-hour levels, MACD and RSI remain healthy;
The daily level shows that there is still ample upward potential.
Support Level: $3,300-$3,400;
Resistance Level: $3,500-$3,600; a breakout may quickly lead to $3,800!
💡 Strategy Suggestion: The short-term rebound space is worth paying attention to, while conservative investors can wait for a confirmation of the breakout before increasing their positions.
Today's market highlight is 'Opportunities in Correction': Bitcoin's healthy pullback and Ethereum's potential rebound are both worth noting. What do you think? Do you believe BTC can break through $100,000? Feel free to leave a comment!