Another new week has arrived, and Qibo will always accompany everyone to provide the most accurate and effective real-time market analysis. Overnight Bitcoin prices have undergone fluctuations over the weekend, and last night the market finally began to move. Last night, the Bitcoin price reached a high of 95195, facing pressure and experiencing a rapid drop. In the middle of the night, it displayed a step-like downward trend, with a minimum pullback to the low point of 93000. Regarding Ethereum, last night it reached a high of 3409, facing pressure and subsequently experiencing a rapid pullback. In response to yesterday's pullback, Qibo also timely led everyone to follow the trend, capturing a continuation of the bearish move, resulting in considerable gains. Based on real-time market conditions, strategies were adjusted in real-time!
From the current trend, the market experienced a rapid pullback last night, probing for a bottom. The four-hour level has already shown a four consecutive bearish trend. After the price touched the bottom at 93000, a rebound occurred, and the support below remains relatively strong, with the overall direction still leaning towards bullish. Currently, it is important to monitor whether the 92000 level can hold. If broken, the market may test the 90000 level. The upper resistance we can first focus on is 95000-96000. In the future, we still choose to participate in low buying. The market has indeed provided a rebound and warming up.
Operation Suggestions
Buy Bitcoin at 93000-93300 with a target of 95000
Buy Ethereum at 3330-3350 with a target of 3420
