Bitcoin has been fluctuating downwards since it rebounded to the 95700 line early Sunday morning, with the low point reaching the 92900 line in the early morning, initiating a slight rebound. Currently, the trend is still relatively effective, and support is gradually moving downwards. The coin price is also returning to a correction phase, which requires some time. Using around 93000 as short-term support, it is forming a local consolidation or pullback correction upwards, depending on the size of the pullback space, which can be large or small. A large space indicates a deep adjustment, while a small space indicates horizontal consolidation correction. The volatility is increasing, and opportunities are multiplying, with both long and short positions having chances. Just respond flexibly according to the patterns. Attention should be paid to the resistance around 95000-96000 above and the support at the 92200 line below. If this position continues to break down, it is very likely to open up new downward space, so for now, we should continue to view the short-term operations as a weak adjustment.
As for Ethereum, it has been oscillating within a range for nearly 10 trading days, and it has not been able to give a breakout action. After rebounding from the 3410 line yesterday, it has been fluctuating downwards, stopping again after touching the 3320 line in the early morning. However, the rebound momentum is very weak. Currently, the internal levels have not shown effective repair structures, and the resistance above is distributed quite densely. Meanwhile, the rebound expectations brought by the short-term support patterns are extremely weak. In the early session, first pay attention to the breakout situation of the resistance at the 3420 line above. If it breaks, we can rely on the strong support at 3300 to progress upwards. If it cannot stabilize, we need to be on guard for the price to experience a new daily level pullback.
BTC Operation Suggestions
Buy at 93300, add position at 92500, stop loss at 600 points, target at 95999
Ethereum Operation Suggestions
Buy at 3350, add position at 3310, stop loss at 30 points, target at 3480
