Last night until early morning, the market was calm and the trend was flat. It wasn't until today's early trading session that the market finally saw a turning point. After Bitcoin dipped to around 92625 in the early morning, it entered a phase of consolidation and gradually rose in price.
During the early trading session, Bitcoin made a strong upward move with a small bullish candlestick, reaching a high of 94409. The market rhythm is well under control, and trading is not as difficult as it seems. If you are still facing setbacks in trading, perhaps it is time to re-evaluate your strategy; a single correct choice may completely change your trading predicament.
From a technical perspective, Bitcoin staged a rebound from the bottom yesterday, with a long lower shadow on the daily candle, closing at the upper end of the range. After the early session's high, there was a pullback, and the price has now returned to the middle of the range. In contrast, Ethereum has seen two consecutive days of bearish candles, and there is still a possibility of further downside in the short term. On the 4-hour candlestick chart, Ethereum shows a series of medium bearish candles, with the price moving down from the upper band of the range. The Bollinger Bands are gradually narrowing, and both bulls and bears are in fierce competition. It is expected that the market will maintain a range-bound pattern today, with Bitcoin's key resistance at 94500 and support at 91500. Once the price breaks through this range, the market may disrupt the existing balance, and trading strategies will be adjusted flexibly based on real-time market conditions.
For Bitcoin, consider shorting near the rebound at 94500-93800, looking down towards 91500-92000 for a break! Avoid chasing long positions at high levels to prevent being trapped!
For Ethereum, consider shorting near the rebound at 1830-1800, looking down towards 1700-1650.