After stabilizing from the bottom to around 94300 in the morning price comparison, the bulls began to take over the price comparison. The price comparison peaked in the morning at around 95400, which also faced pressure again at yesterday's high. It is clear that 95500 is a key position; if it does not break, we can short, but if it breaks up, we can go long. The long positions we set up in the morning have also successfully captured over a thousand points of space, and the price comparison is currently correcting to around 94400.
From the current market perspective, Bitcoin is testing the support at the bottom of the 94000 level again. As long as the bottom holds, we can go long again. Moreover, from an hourly perspective, the current price is near the middle band of the Bollinger Bands, temporarily balanced between long and short. It previously touched the upper band, and the Bollinger Bands have not significantly contracted, indicating that the bulls have upward momentum and expansion space. The KDJ indicator shows all three lines are at relatively low levels, with the J value oversold, indicating a potential golden cross rebound. The MACD indicator shows the DIF line is above the DEA line. Although the histogram has shortened, the bullish trend has not completely reversed. In summary, although there is uncertainty in short-term fluctuations, various indicators are releasing signals favorable to the bulls. If we can break through key resistance levels, we can expect to continue a bullish trend on the hourly level.
Bitcoin strategy: Buy around 94300, target 95500
Ethereum strategy: Buy around 1800, target 1865
