$ETH

The market trend is once again showing a sector rotation and upward movement. Each pullback of Bitcoin actually provides an opportunity to buy the dip. With the Ethereum upgrade approaching, the market has strengthened recently.

Last night, Bitcoin surged to a high of around 95,300, forming a spike, and is currently fluctuating below 94,500. Overall, the volatility is not significant, and the trend is increasingly leaning towards horizontal consolidation. From the one-hour level, the market rebounded with two consecutive bullish candles after touching the lower band of the Bollinger Bands. The KDJ indicator shows a golden cross with three lines diverging upwards, combined with the recent higher lows indicating that the bulls will further rise after experiencing a pullback correction.

Currently, the short-term resistance for Bitcoin is at the 96,000 level, and support is at the 93,000 level; Ethereum has strong resistance at the 2,000 level and strong support at the 1,500 level