$BTC
Did everyone follow the suggestions from last night, brothers? I suggested going long on Bitcoin in the 96000-96500 range and on Ethereum in the 1820-1800 range. After not looking for a whole night, it indeed first dropped and then pulled back. We will wait patiently, with resistance at 97500 and support at 95500. We will go with the flow; if it breaks 97500, we will look towards 99000, and if it breaks the support at 95500, we will look towards 94000!
From a technical structure perspective, looking at the hourly technical indicators, after the downward opening of the operating channel, the volume is unable to get entity-driven momentum. The price tests resistance, forming a recovery upwards. The moving averages show a gradual upward trend. In the short term, the rhythm is narrow without breaking the level, and the recovery shows a clear continuation; the bearish volume has noticeably decreased, indicating some signs of a shift to bullish. Moving forward, I personally anticipate a continuation of oscillating recovery upwards. During the night and morning, our strategy will be to go long cautiously.