13.25 Wednesday Early Morning Bitcoin Market Analysis

During the day, Bitcoin began to face pressure and retraced from the high point of 95480, dipping to a low point of 93567. Throughout the day, its overall trend oscillated around the 94000 range. In the evening, bullish forces, having consolidated all day, finally welcomed a strong breakout. A powerful surge led Bitcoin to form a one-sided upward trend, making impressive strides and peaking at 98531. This strong momentum ignited market sentiment. Ethereum, starting from a low point of 3357, presented a sideways oscillation during the day. By evening, it also experienced a strong surge, successfully climbing to a high point of 3517.

After breaking through the pressure at the four-hour level, the market experienced a quite significant four-hour rebound. The strength of this rebound should not be underestimated, and its strong momentum is eye-catching. Currently, at a smaller level, the market may experience a pullback, so closely monitor the support situation for the smaller level. The position at 95000 appears particularly important. As long as the market does not fall below this key support level during its operation, we can still be optimistic about the current four-hour rebound trend and expect it to continue, bringing more positive signals to the market. However, if the four-hour closing unfortunately falls below the crucial barrier of 95000, it would mean that this rebound has temporarily reached its end, and the market will enter a new adjustment phase. There may be a period of consolidation or a certain degree of decline, but regardless, this will mark the end of the current round of rebound.

Bitcoin: Can consider near 98500, short-term target 95000

Ethereum: Can consider near 3510, short-term target 3380

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