The price comparison at dawn has once again dipped, reaching a low of around 92500, forming support and slowly rising to near 95000. This dip should be the last correction of the day, as we have seen nearly 10,000 points of correction in the past few days. We were also bearish during the early morning, capturing nearly 1000 points, and have currently exited the market with the price at around 94900.
The daily chart clearly shows that when the cryptocurrency price touches the lower boundary, it receives support and subsequently rebounds strongly, with the support level remaining intact. Close attention should be paid to the rebound trend. Currently, the market has not shown a significant unilateral trend, indicating that the market is neither in a consistent downtrend nor a continuous uptrend. On the four-hour chart, the candlestick has formed a long lower shadow bearish candle, with the decline limited and quickly rebounding, further confirming strong support. This is a rebound correction triggered by the lower boundary support on the daily level. At the beginning of the week, we successfully avoided the peak, and now we need to be alert for bottom-fishing opportunities. In short-term operations, avoid blindly chasing shorts, and focus on low long positions, adopting a steady layout.
Bitcoin Strategy: Long near 94500, target 96000
Ethereum Strategy: Long near 3300, target 3400