Thursday Morning Market Sharing

The overnight Bitcoin price has once again shown an upward trend, encountering resistance at a high point of 97200 and experiencing a pullback. Currently, it has retreated to around 96000. After yesterday's bullish outlook was not validated, the market sentiment has shifted during the night, entering an upward channel as expected. Since yesterday, the overall cumulative increase has reached 6500 points. In the midnight market analysis, it was clearly pointed out that if the price can stabilize above 96000, we can expect a wave of sustained increases. Currently, the bullish momentum has significantly strengthened, with a large bullish candle recorded on the daily chart. However, on the hourly chart, there is currently some pressure. Therefore, the intraday strategy suggests taking a bullish position first, followed by a bearish one.

Thursday Morning Suggestions

Bitcoin 95000-95000 bullish, target focus 97000-98000

Ethereum 3620-3600 bullish, target focus 3750-3800 line