Morning Thoughts

After the price of Bitcoin dropped to around 95800, it stabilized and stopped falling. The midnight market saw a correction and began a new round of upward movement. The overall market showed a retracement and correction during the weekend, and it successfully formed a bottom at midnight, laying the foundation for the next wave of upward momentum. From a 4-hour structure perspective, after breaking below 96000, the price was able to adjust, and the overall market showed strong upward momentum. As the KDJ indicator line formed a golden cross again during the correction process, it also indicated that bullish strength is being released. Therefore, it is not difficult for the subsequent upward direction to challenge the 100,000 mark. Analyzing from the short-term 15-minute chart, the price surged strongly in the morning session, with bearish strength gradually weakening, although it is necessary to pay attention to the possibility of a slight retracement in the short term. There is no need to overly worry about the market; one can wait for the 15-minute line retracement to complete before appropriately entering long positions.

For Bitcoin in the morning: around 96600-96300, looking towards 97300-97600.

For Ethereum in the morning: around 3300-3280, looking towards 3330-3350.