Early morning market surged and then fell back, with prices dipping to around 93600 and 1780. Overall volatility is limited, and both bulls and bears show weak continuity. However, investors who have grasped the rhythm recently have still gained significant space. The overall trend of the current market remains strong, but caution is needed for potential reversal risks—there is pressure above and support below, making trend reversal signals worthy of close attention. On the daily chart, prices are showing a pattern of alternating small bearish and bullish candles.
From a short-term perspective, the 7-day and 10-day moving averages on the daily chart have slowly turned downward, indicating a weakening trend signal. However, the key resistance levels are still at 1860 and 96000. If these levels are effectively broken, the trend may continue. Bitcoin's K-line has been oscillating narrowly around 95000 and 1800 recently, forming a consolidation pattern. In terms of technical indicators, although the MACD is in the negative zone, the dual lines are gradually converging, which may indicate a possibility of a rebound in the short term or a change in the trend.
Today's Recommendations
Bitcoin: Enter near 95000, target 93000
Ethereum: Enter near 1840, target 1740
