This morning, our bullish outlook was validated as expected. The price of Bitcoin is generally still in a fluctuating upward trend, showing a slow rise. On the Ethereum side, the bulls made a strong push this morning, with the price reaching a high of around 3436. The surge reached our expected level.

Bitcoin's daily line dropped from a high of around 95350 yesterday to a low of around 93000, closing near 93750. The support below is around MA60, and a pullback can be made to buy nearby. The resistance above is near the MA7 moving average, and a breakthrough could lead to MA30 nearby. The MACD shows an increase in bearish momentum. On the four-hour chart, the support below is around MA360, and a pullback can be made to buy nearby. The resistance above is near MA4, and a breakthrough could lead to MA60 nearby. The MACD shows an increase in bearish momentum. After forming a death cross, we still maintain a low bullish participation.

Trading Suggestions

Buy Bitcoin at 93000-93500 Target 95000

Buy Ethereum near 3420 Target 3480

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