Latest analysis and operations for BTC/ETH on Sunday evening.
The idea we provided over the weekend has once again proven effective in the range of high selling and low buying. I wonder how many people have taken action? That said, the current trend is unpredictable and ever-changing. The hourly chart shows distinct characteristics: the closing lines in the new high and new low areas are accompanied by extremely strong upper and lower wicks, which intuitively reflect the fierce battle between bulls and bears in key ranges, with volatility significantly increasing and stability lacking. After hitting the bottom in the early morning, a rebound trend has begun. This wave of short-term correction is precisely the positive adjustment signal we had anticipated earlier.
Although the current rebound strength has not been fully released and the magnitude appears slightly mild, the technical pattern of "time for space" is still gradually being constructed, which reserves the possibility for further bullish extension in the subsequent BTC trend. On the operational level, a bullish layout should still be maintained. The core resistance above needs to focus on the previous day's rebound high of 95000. Although this level was briefly pierced yesterday, and there is currently some deviation in the coin price from this range, it actually provides a clearer reference anchor point for operations, enhancing layout confidence.
BTC: Relying on support near 95500 to go long, looking at 97000, 99000. ETH: Focus on the 3200 level for longs, looking at 3310, 3380. #BTC
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Latest analysis and operations for BTC/ETH on Sunday evening.
The idea we provided over the weekend has once again proven effective in the range of high selling and low buying. I wonder how many people have taken action? That said, the current trend is unpredictable and ever-changing. The hourly chart shows distinct characteristics: the closing lines in the new high and new low areas are accompanied by extremely strong upper and lower wicks, which intuitively reflect the fierce battle between bulls and bears in key ranges, with volatility significantly increasing and stability lacking. After hitting the bottom in the early morning, a rebound trend has begun. This wave of short-term correction is precisely the positive adjustment signal we had anticipated earlier.
Although the current rebound strength has not been fully released and the magnitude appears slightly mild, the technical pattern of "time for space" is still gradually being constructed, which reserves the possibility for further bullish extension in the subsequent BTC trend. On the operational level, a bullish layout should still be maintained. The core resistance above needs to focus on the previous day's rebound high of 95000. Although this level was briefly pierced yesterday, and there is currently some deviation in the coin price from this range, it actually provides a clearer reference anchor point for operations, enhancing layout confidence.
BTC: Relying on support near 95500 to go long, looking at 97000, 99000.
ETH: Focus on the 3200 level for longs, looking at 3310, 3380. #BTC