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Market Observation This Week. After experiencing a sharp rise and pullback on Sunday, Bitcoin is currently consolidating sideways in the 90500-91000 range. From the 1-hour chart, the price has stabilized above the 91000 level, indicating that the bullish momentum still has support. The overall trend is in a Wave 4 correction phase, and according to wave theory, a Wave 5 upward move is expected to follow.
The Bollinger Bands are continuously narrowing, and yesterday's pullback effectively confirmed support at the lower boundary of the consolidation zone. Breakouts after such narrowing often signal directional opportunities. From a trading perspective, it is recommended to continue to look for buying opportunities on dips.
Specific suggestions: Gradually build long positions in Bitcoin within the 90500-91000 range, targeting around 93000; similarly, for Ethereum, consider building long positions in the 3100-3120 range, with a target near 3260. The market still has room for short-term upward movement.