1.4 Morning Thoughts
Currently, the daily line closes with a slightly shadowed saturated bullish candle. After such a formation, today’s market continues with strong oscillations, with important support levels at 98000 and 97600 for adjustments, which are also key points for participating in low purchases during the day. The key resistance above is at 99500. Observing the 4-hour K-line, the upward momentum has shifted from weak to strong, and the increase has broken the previous oscillation pattern. Although there is currently a pause, the upward trend has not yet ended, and it is expected that there will be a slow rise attempting to reach a high. Currently, the market is operating around the bullish trend, and after a pullback, it will continue to maintain an upward trajectory. The strategy remains to buy on dips!
Bitcoin: Buy on dips around 97300-97600, target around 99500
Ethereum: Buy on dips around 3540-3570, target around 3650
