1.5 Morning Technical Analysis
As the price of the coin rebounds and touches the 99000 mark again, the market has shown signs of quietly warming up. The downward trend of Bitcoin has been curbed, and the rebound is evident; however, based on market data and news, it still seems difficult to welcome a strong rise in the short term.
Additionally, with lower market liquidity over the weekend, it is expected that Bitcoin will continue to fluctuate in the range of 97000 to 98500. In the short term, it is normal for Bitcoin to face slight resistance after a minor upward movement, currently showing a pullback with a bearish candle. The moving averages are turning downward and expanding, and the MACD volume indicates that bulls have not had a good release, leading to a slight price decline.
In terms of short-term structure, there is still a demand for downward movement in the coin price, but our overall bullish outlook remains unchanged. Future operations should revolve around participating at lower levels!
Bitcoin pullback at 97300-97600 with targets at 98800-99800.
Ethereum pullback at 3630-3610 with targets at 3730-3760.
