In the wave of ups and downs in the crypto market, no one can avoid the baptism of bull and bear cycles. The ups and downs on the candlestick charts are not only market tests but also a cultivation of cognition. On the daily chart, Bitcoin has closed positive for two consecutive days, with the price rising near the 90,000 level. Currently, it remains in the lower half of the box structure, with resistance at 94,500 at the top and support around 84,500 at the bottom. The price has now risen to the mid-line resistance, showing a further upward breakout trend.


Ethereum also achieved two consecutive positive closes, currently trading around 3,130, successfully breaking through the lower half of the previous box. Its top is at 3,320, with support at 2,770, and the mid-line resistance around 3,030. Previously, it was suggested that after breaking through, it could follow up, and the market is expected to continue testing the 3,230 level upward.
From a technical perspective, this round of correction is a healthy pullback after a breakout, which instead accumulates momentum for a new round of upward movement. Bitcoin is consolidating near the 90,000 level, still in the lower half of the box on the daily chart. The current pullback can be seen as a test of the 9,100 support area, and after stabilizing, it is expected to continue upward to challenge the previous high of 94,500. Ethereum has effectively broken through the lower half of the box, and a pullback around 3,130 is the right time to confirm support and set up long positions. The outlook remains optimistic for a challenge to the 3,230 level. In terms of operation, you can gradually set up long positions on pullbacks, waiting for the market to gather strength before restarting the upward trend.
Trading suggestions:
Bitcoin: around 89,500, target 91,000
Ethereum: around 2,950, target 3,200
BTC-0,37%
ETH1,94%
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NuYoahvip
· 01-04 14:07
New Year Wealth Explosion 🤑
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