Today's market has nothing much to say, Bitcoin quickly retraced after a morning rally and stabilized around the bottom of 95700, starting to slowly rise to the line of 97300. The bullish outlook during the afternoon was confirmed as expected. Although we published fewer strategies over the weekend, we are still working with live clients, and the price is currently hovering around 97200.

From the hourly level, the price is currently running above 97000. If it stabilizes at ninety-seven thousand, the price is very likely to surge to the 98000 level, mainly because the support below is quite strong. The first support level is around 95700, and the second support level is 96500. We can enter low-long positions around these two points. The pressure level above is expected to be around 98000 or 98500. Frequent traders can wait for a market pullback before making layouts. It is a bit risky to go long at this point; I would rather not take a position than get trapped, only taking stable positions.

Bitcoin strategy: long near 96500, target 98000

Ethereum strategy: long near 3685, target 3780#XRP解锁新趋势 $BTC $ETH