Bitcoin experienced a downward movement last night, testing the lower support again, and then the market began to rebound, rising over 7000 points, with the highest point reaching 88900. After that, it started to fluctuate, with the market moving down twice. The first time it touched 78200, and the second time it touched 81200. The two bottom points were getting higher, indicating that the overall direction is still mainly upward in the medium to long term, and the layout can look towards the vicinity of 90000. After all, the structure of the two bottom tests has already become clearly stable, so our general idea today is still mainly focused on buying on dips. The short-term support to pay attention to is 85300, and without a stable breakdown, we can directly proceed with the layout of the dip 🥚.
Now let's take a look at Ethereum. Early yesterday morning, after seeing Ethereum starting with the number 1, the market received support from below and opened an upward channel, rising nearly 200 points, with the highest point reaching 2220. It has now entered a state of fluctuation, with both 15-minute and 1-hour levels dominated by bulls, while the bearish trend on the 4-hour is also weakening. Therefore, Ethereum can still be treated with the idea of buying on dips.
Bitcoin: Buy on dips around 85300-85800, target towards 86500-87300-87800.
Ethereum: Buy on dips around 2120-2140, target towards 2170-2200-2230.
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