Yesterday, Bitcoin (BTC) experienced a pullback and adjustment. Although it briefly fell below 93,000, this pullback is considered a normal fluctuation and does not require excessive concern; it is seen as a performance that accumulates strength for a breakthrough of the 100,000 mark.
Market Analysis:
BTC: Short-term (1 hour and 4 hours) indicators are underperforming, but daily indicators remain healthy, showing that the expectation for a long-term upward trend still exists. There may be continued consolidation in the short term, with a key focus on the support level of 93,000.
The intraday support range is 92,000-93,000, and the resistance range is 95,000-96,000.
ETH: Adjusted along with BTC, but with a relatively smaller decline. It just broke through the key resistance level of 3,500 yesterday, and the short-term (1 hour and 4 hours) indicators are healthy, with strong daily performance. If BTC continues to consolidate, ETH is expected to welcome a catch-up rally. The intraday support range is 3,300-3,400, and the resistance range is 3,500-3,600.
Operation Suggestions:
For BTC, it is recommended to patiently wait for confirmation of the effectiveness of the 93,000 support before positioning.
For ETH, consider positioning on dips and pay attention to the potential for catch-up.
