What is behind the explosive increase?
Brothers who are holding positions, how are you? Raise your hand so I can see where you are! How impressive this increase has been, Bitcoin has returned to 91,000... The night is calm, let me tell you a horror story, Bitcoin has touched 90,000 again, while Ethereum is at 1700, isn't that scary?
Since 885 broke strongly overnight, the next target is the positions close to 927 and 948. These two positions have opportunities for short positions, and as for how much can be earned, that depends on your vigilance. As for whether it can rise to 10, for now it doesn't seem possible; one must know that there are so many losing positions above, it is not realistic for it to rise suddenly for everyone to free themselves from their losses.
📊Night market analysis:
#btc Bitcoin is pulling back overnight, pay attention to the 90,000 position. As long as the pullback does not break this position, the bullish trend remains in effect. Continue to observe the upper resistance zones around 91340-92700-93645.
If the overnight pullback falls below the 90,000 position, it means that the market will pull back deeply, and the lowest support level must pay attention to the neighborhood of 88930-87920-86800! (If it falls below 88930, the 1-hour level will start to pull back)
#eth Pay attention to the 1670 position overnight, as long as the pullback does not fall below this position, the bullish trend is still there, continue to pay attention to the upper pressure level near 1726-1760-1795!
If during the night the price falls below 16,700,000, that would indicate that the market is going to make a deep correction. Pay attention to the support levels near 1,637-1,600-1,570. (If it falls below 1,637, a correction at the 1-hour level will begin.)