1.1 Morning Market Analysis

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On the daily chart, the market has repeatedly rebounded but failed to stabilize around the 96000 level. The price has broken down and is declining again. Currently, the Bollinger Bands are opening downwards, with the five-day resistance line forming around 94500 and slowly moving downward. If the market cannot produce a strong rebound today, there is a possibility of further decline in price.

On the short-term hourly chart, the recent price fluctuations have been significant, with multiple long upper and lower shadows appearing. The last few candlesticks show a clear oscillating trend, with prices repeatedly testing within a range. Currently, the coin price is retracing and operating in the middle to lower band area, indicating that the market is under pressure. In the short term, if it cannot break and hold the day's high of 96000, there may be a possibility of a pullback. Therefore, it is not advisable to blindly chase long positions; focus on shorting at range highs and longing at range lows, while being cautious of further price declines.

Bitcoin

Upper resistance: 94440-94840-95949 nearby

Lower support: 93050-92500-92030 nearby

Ethereum

Upper resistance: 3380-3420-3440 nearby

Lower support: 3300-3280-3250 nearby#BTC走势分析 #ETH🔥🔥🔥🔥🔥🔥