A new week has begun, and Qibo will continue to accompany everyone with the most accurate and effective real-time market analysis. The overnight Bitcoin market has gone through two days of fluctuations over the weekend, and the market finally started moving last night. Last night, the Bitcoin price reached a high of 95,195, facing pressure and quickly retracing. In the middle of the night, it showed a staircase-like downward trend, with a minimum pullback to the low of 93,000. As for Ethereum, it also reached a high of 3,409 last night, faced pressure, and then quickly retraced. During yesterday's pullback, Qibo also led everyone to follow the trend in a timely manner, capturing a continuation of shorts, which brought considerable gains. Adjustments were made to the strategy based on real-time market conditions!
Looking at the current trend, the market experienced a rapid pullback and bottom-testing last night, with the four-hour level already indicating a four consecutive bearish candle trend. After the price touched the bottom at 93,000, it rebounded, and the support below is still quite strong, overall, we are still bullish. Currently, it is important to monitor whether the 92,000 mark can hold. If it breaks, the market may test the 90,000 mark. For the upper pressure, we can first focus on 95,000-96,000. In the later market, we still choose to participate in low longs. The current market has already shown signs of rebound and warming up.
Operation Suggestions
Long Bitcoin at 93,000-93,300 Target 95,000
Long Ethereum at 3,330-3,350 Target 3,420
