Morning Thoughts
The recent trend of Bitcoin has been extremely strong, advancing steadily with very few decent corrections. This situation is similar to the trading style of market makers, who execute their strategies decisively and swiftly, without any hesitation.
From a technical perspective, the current hourly level shows an ascending triangle pattern. As long as the lower trend line remains solid and unbroken, the overall bullish pattern should not be significantly affected. Although this week's upward momentum for Bitcoin has diminished compared to last week, it is unlikely to immediately fall into a plunge.
In the short term, as long as the two key support levels of 91500 and 88000 can hold firm, the price is unlikely to drop into the 86000 - 85000 range.
It is worth mentioning that Bitcoin has once again reached a historical high today, coming close to 95000. I wonder if everyone has noticed that almost every 3000-point pullback during the trading session has been an excellent opportunity to go long. In comparison, shorting is undoubtedly a challenging endeavor on thin ice, with a very high risk factor, far less stable and reliable than going long during a pullback. The overall trend will continue to push towards the 95000 - 100000 range, constantly breaking new highs!
For Bitcoin this morning: around 93500-93200, looking towards 94200-94500
For Ethereum this morning: around 3040-3020, looking towards 3070-3100$BTC
