1.3 Evening Bitcoin Market Analysis!

In terms of the price movement structure of Bitcoin, there has yet to be a significant breakthrough or downward trend. The short-term trading remains within a range of back-and-forth fluctuations. Our short position set during lunch has also performed perfectly, with Bitcoin gaining over 700 points and Ethereum likewise gaining over 40 points! In terms of short-term patterns, it is being suppressed at the 97687 point level, with multiple high points during the day hovering around this level, which has a clear resistance effect. Before a successful breakthrough is achieved in this area, one should not blindly chase the uptrend.

Observing from the 4-hour to daily chart, although the market has repaired the suppression in most medium-term indicators, it has not achieved a successful upward breakthrough. Analyzing from the hourly chart and below, the low points of local adjustments have risen, and prices have repaired the suppression in most levels. The overall market is showing a range-bound fluctuating pattern, and in terms of operation, one could look for short opportunities on rebounds, focusing mainly on short-term trading. #BIO开盘 #币安Alpha上新 #币安全球用户突破2.5亿 $BTC $ETH

Bitcoin 97200-97500 short Target 95500

Ethereum 3480-3500 short Target 3350