In the new week, everyone, last night Bitcoin's price experienced two rounds of downward probing. The market's lowest point touched the 94200 line and then stopped to warm up. The bears have not achieved a substantial breakthrough. In terms of Ethereum, the price experienced a step-down in the early morning, reaching a low of 3215. Accompanied by continuously rising low points, the current price has warmed up to around 3290.
Currently, looking at the four-hour line, the price is still under pressure from the middle track, but the K-line pullback has not continued the bear volume. The lower track has formed effective support in the short term, so there are no clear signals for bulls or bears in the short term. We still need to watch the struggle between the middle and lower tracks. According to the KDJ indicator, the fast line has crossed down and is curving up, showing signs of a dead cross. Therefore, there is still some room for a rebound in the future market. Our morning strategy remains focused on buying on dips.
Operation Suggestions
Buy Bitcoin at 94600-95000 Target 98000
Buy Ethereum around 3250 Target 3400
