Good morning, investment friends. On Thursday, the market's movement was not significantly affected by the news overnight, and the cryptocurrency prices have maintained a range-bound fluctuation.
Despite the lack of substantial impact from overnight news on the overall market trend, the current observation shows that the cryptocurrency prices are still fluctuating within the range we previously mentioned. Currently, the price of Bitcoin is approaching the key resistance level of 97800. Although Bitcoin continues to attempt an upward breakthrough, whether it can successfully cross this level will have a fundamentally different impact on the subsequent trend.
In this context, we continue our previous strategy, choosing to place short positions near the resistance level, patiently waiting for the market to come under pressure and retreat. If the price successfully breaks through this key point, we will adjust our strategy in a timely manner and switch to a long position to ensure operational flexibility and risk control.
Morning trading suggestions:
Bitcoin: Short at 97500-97800, target at 96000
Ethereum: Short at 1830-1840, target at 1750
