As the price of the coin rebounds and touches the 99000 level again, the market has shown signs of quietly heating up. The downward trend of Bitcoin has been curbed, and the rebound action is obvious. However, based on market data and news analysis, a strong rise in the short term still seems challenging. Additionally, with lower market liquidity over the weekend, Bitcoin is expected to continue fluctuating in the 97000 to 98500 range. In the short-term perspective, after a slight rise in Bitcoin being blocked, it is currently normal for it to pull back with a bearish candlestick. The moving averages have turned downwards and are spreading, and in terms of MACD volume, the bulls have not shown a good release, leading to a slight price decline. In terms of short-term structure, there is still a downward demand for the coin price, but we still maintain a bullish outlook in the larger direction. Future operations should focus on participating around the lower end!
Bitcoin suggestion: Long position at 97300-97600, looking up to 98800-99800.
Ethereum suggestion: Long position at 3630-3610, looking up to 3730-3760.