1.7 Morning Trading Recommendations

From the 1-hour chart perspective, after a dip and retest in the early hours, the price began a strong rebound. Currently, Bitcoin is trading near the 93,000 level. Although the price is temporarily below the middle band of the Bollinger Bands, the bullish momentum is clearly strengthening. In the short-term battle between bulls and bears, the bulls have taken a dominant advantage. The overall market outlook is cautiously bullish with oscillations, requiring flexible responses to market fluctuations.

On the key signal level, Bitcoin has successfully broken through previous resistance levels, with the Bollinger Bands' three lines continuing to rise, clearly opening an upward channel. Meanwhile, recent trading volume has significantly increased compared to previous hours, with price and volume rising in tandem, confirming active market trading and strong upward momentum. Bitcoin is following a strong trend, with technical indicators showing a oscillating upward pattern, and bullish energy gradually accumulating.

Trading Recommendations:

Bitcoin: A slight position can be taken on long orders if the price retraces to the 92,500-93,000 range, with a target of around 94,500. Set stop-loss below the lower Bollinger Band to strictly control risk.

Altcoin: Look for opportunities to go long if the price retraces to the 3,230-3,260 range, with a focus on the key level of 3,340. If momentum weakens after reaching the target, consider reducing positions or exiting flexibly.