In the early morning, Bitcoin briefly retraced to the 93000 level, but there was no significant continuation of the bearish trend. The market then rebounded and rose to around 94200, where it faced resistance and fell back. The long positions taken in the morning session were profitably exited, and since the market direction was unclear at that time, we maintained a short-term approach to profit. As the market continued to oscillate, we directly adjusted our strategy to focus on the fluctuations. The cryptocurrency market is full of opportunities and risks; to profit steadily in this market, one must first possess certain skills. However, many people still operate blindly, leading to accumulated losses. For those who do not understand, it is advisable to learn from experiences to improve.

From the current market perspective, Bitcoin's daily chart shows a small bullish candle, with the sustainability of the short-term rebound being relatively weak. Additionally, the upper resistance level has slightly shifted downwards, limiting the rebound space. In the daily trend, the bullish trend has been weakening, and attention should be focused on the support level of 92000 below. If this level is lost, there may be another test of the previous low around 90000. The four-hour chart shows that after the weekend's rally, Bitcoin is consolidating and testing the upper resistance level, with momentum slightly increasing but failing to break through. In the shorter time frames, Bitcoin still needs to accumulate energy in the oscillation, and a one-sided trend cannot be confirmed at this moment. The operating space is narrowing, and it is expected to maintain oscillation in the short term.

Buy Bitcoin at 93600-93300, target around 95000.

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