The morning market welcomes a surge of bullish momentum, with Bitcoin/Ethereum prices rising sharply in the short term. This aligns with our analysis from yesterday. The long position targets set during the session have just reached above 97,000 and around 1,850. Currently, the short-term support has completed its downward probe, and the subsequent situation needs to be assessed based on whether the resistance levels can be effectively broken.
From a technical perspective, after the price surged in the morning, the overall trend is currently leaning towards a consolidation adjustment. The KDJ indicator on the 12-hour chart has formed a golden cross at the bottom, moving upwards. The current price of the coin continues to test the volume for a rebound. The market is in a technical adjustment period after hitting the bottom, and the rebound sentiment is not expected to end quickly. Personally, I anticipate that the future trend will still lean towards a slight upward fluctuation, with a primary focus on buying on dips. Specific points of reference are as follows:
BTC: Buy at 95,800-95,300, target 98,000
ETH: Buy around 1,810-1,790, target 1,870
The above are my personal intraday trading suggestions. The market is constantly changing, and this article may have some lag. Specific operations should be based on real-time guidance. If you have any questions, feel free to consult.
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