Bitcoin, after a dip last week, finally stabilized at the 95000 mark and is gradually rising. After the weekend adjustment, Bitcoin remains high and maintains a slow upward trend.
Last week, Bitcoin twice plunged below 98500, and although it eventually rebounded, the resistance in this range is still a key point we cannot ignore. It was previously mentioned that the 95000 mark can serve as a short-term boundary between bulls and bears. Currently, Bitcoin is relying on this level for upward movement, and the short-term bullish sentiment remains strong.
Today's focus is on the support and resistance in the 96500-98500 range, and the strategy can maintain a mainly bullish approach with some bearish positions. Given that this week will see the release of significant non-farm payroll data, it is expected that high-level adjustments will continue before then.
For the lower range of 96500-96800, set your own target for long positions, and for the upper range around 98600, take short positions based on real-time market conditions, with your own target. Ethereum moves in sync!