Morning Market Analysis
Bitcoin rebounded to around 94,700, right at the Fibonacci
0.236 level, appearing to have successfully broken through the downward channel, with short-term market confidence recovering.
The Federal Reserve has signaled a potential rate cut, and market expectations for liquidity are approaching. Ethereum has rebounded continuously, showing strong momentum, but it may also be a result of an earlier sharp decline. Currently, resistance is at 1800 USD, and support is at
1640 USD; placing buy orders can focus on this range. According to technical indicators for Bitcoin, the MACD bullish volume is weakening, and there is upward pressure. The daily level shows consecutive upper shadows, indicating significant resistance above. Technical indicators on the 4-hour cycle show that the MACD histogram is in negative territory and gradually shortening, indicating a weakening bullish force, which may face the risk of a pullback.
Intraday trading advice: sell high and buy low.
Intraday focus: INIT ALPACA BSW
