1.5 Morning Analysis and Trading Suggestions

As the price of the cryptocurrency rebounds and once again approaches the key level of 99000, there are already subtle signs of a warming market. The decline of Bitcoin has been restrained, and the rebound is evident. However, based on market data and news, it still seems challenging to expect a strong upward movement in the short term. Additionally, with lower market liquidity over the weekend, Bitcoin is expected to continue fluctuating between the range of 97000 and 98500. In the short-term perspective, after a slight upward push that faced resistance, it is currently normal for the price to pull back slightly, with moving averages turning downward and expanding. In terms of MACD volume, there hasn't been a good release for the bulls, leading to a slight price decline. From a short-term structural standpoint, there is still a downward demand for the price, but we maintain an overall bullish outlook. Future operations should focus on participating in low-risk long positions!

Trading Suggestions

For Bitcoin, consider going long in the range of 97300-97600 with targets at 98800-99800.

For Ethereum, consider going long in the range of 3630-3610, aiming for 3730-3760.