The early morning trend of Bitcoin continued the correction from midnight. Starting from the low point near 97000, the price gradually and steadily recovered lost ground, ultimately reaching the high point around 98482. The movement of Ethereum faced pressure from the 2724 level and subsequently retraced, with the price dropping all the way to the 2665 level.

From the daily chart, Bitcoin has closed with small bullish candles for two consecutive days. This phenomenon indicates that the current bearish trend is weakening, and the strength of the bears is gradually showing signs of fatigue. The previous declines are also being slowly recovered, with the overall trend transitioning from weak fluctuations to a stronger sideways movement. However, it is important to note that the market is still operating in the lower range, which means there is still some resistance above. The key for the day lies in observing whether Bitcoin can successfully break through the upper resistance. If a successful breakthrough is achieved, it may open up new scenarios for future market developments, providing more upward space and opportunities. However, if it fails to break through, the market may continue to oscillate within the current range, waiting for new forces and opportunities to drive further price changes, with a bullish continuation expected in the afternoon.

Bitcoin: Can long near 98000, short-term target 99500

Ethereum: Can long near 2680-2700, short-term target 2780

5704845959233116621454843951218014000872937584686735485