Morning Strategy

Last night we indicated that Ethereum would rise further, with a maximum target of 3550, which turned out to be 3545, close to our predicted position.

Last night we mentioned that Bitcoin tends to drop after a prolonged period of sideways movement, and it unexpectedly retraced to around 93000, but fortunately, the pullback is just an opportunity.

The MACD on Bitcoin's daily chart has just formed a death cross, indicating further downward movement. The KDJ has formed a death cross without showing any signs of stabilization, suggesting more pullback is needed.

Ethereum's daily chart is currently at a stage of choosing a direction, especially since Bitcoin is pulling back; if it continues to rise, it's uncertain how to proceed afterwards.

To be specific, if it continues to rise, it will show Bitcoin's trend, and if the market rises again, it will become difficult.

Bitcoin's upper resistance is at 95000, while the lower support is at 90000.

Ethereum's upper resistance is at 3550, while the lower support is at 3300.