Midday Market Analysis: 📊
Bitcoin is currently in a state of fluctuation. From the 4-hour chart perspective, after testing the upper resistance during the rebound, a pullback has occurred, and it is currently under pressure at the middle line. On the hourly chart level, after testing the bottom at 91500, a small upward channel has formed, but there is pressure at the middle line.
For long strategies, the current price is around 93600, providing an opportunity for short-term long operations. If it can break through 94000, it can be pursued further, with targets looking towards 95000 and 96000. If it cannot rise above 93600 and trends downwards during the day, one can position long orders around 92000 and 91500, aiming for targets of 94000 and 96000.
Short strategies should focus on high shorts, taking the opportunity to short at rebounds to 96000 and 97000, with targets looking down towards 94000, 93000, and 92000.
Regarding Ethereum, it is still oscillating between the upper and lower bands of the Bollinger Bands on the 4-hour level. In operations, one can participate in shorts near the upper resistance at 3430 and 3460, while setting up long positions near the support levels of 3330 and 3300. It is necessary to strictly maintain stop losses, controlling within a range of 100 points and taking profits when favorable.