In yesterday's market analysis, Long Ge mentioned that the market should make another push higher, but it remains quite strong. The daily line closed without forming an upper shadow and instead closed with a high position bullish doji, so the possibility of a direct drop to end the market here is very low. The highest point yesterday was around 94900, which did not reach the 96500 that I have been paying attention to.

Returning to today's market, we continue to look at the daily level. The daily level entered the overbought zone yesterday, and combined with yesterday's closing situation, the market is bound to start consolidating and oscillating. From the moving average indicators, the 5-day moving average has already lagged far behind, so we need to pay attention to the pullback to the 5-day moving average. This is not a pullback today; the moving averages will gradually rise with the market buying orders, and the K-line will oscillate at a high position waiting. The likelihood of the K-line directly dropping to pull back is also not very large because the 180-day moving average has already broken through and is supporting from below, so we just need to wait for the rise of the 5-day moving average.

At the four-hour level, we have the familiar Bollinger Bands indicator. The Bollinger Bands have already contracted, and I believe the pullback to the middle band will coincide with the daily level pullback to the 180-day moving average.

At the one-hour level, it temporarily looks a bit like a top, but I think there will be a large K-line tonight to determine the formation of a range. Essentially, it is a high position oscillating market. Today, we need to find the high and low points of the oscillating range at a high position to make trades.

In terms of operations, we will wait for the range to form before executing long positions. It is not easy for the market to drop after having risen so much; even if it has to go down, it will need to create more enticing bullish patterns at a high position. #加密货币总市值重回3万亿 $BTC

Upper resistance: 93700-94500

Lower support: 91900-91050