3.6 Afternoon Thoughts
During the afternoon, Bitcoin has been on a steady rise, breaking through the major 92,000 mark. Currently, the market shows a clear upward trend, with an established ascending channel on the hourly chart and a strong four-bar bullish pattern on the four-hour chart.
Looking back at the early morning, Bitcoin climbed from 87,000 to 92,000, creating a volatility of over 5,000 points, while Ethereum also experienced a volatility of over 200 points. As the saying goes, after a sharp rise, there must be a sharp fall; it is normal for the market to enter a phase of correction and repair following this trend.
The suggested strategy for the afternoon is to observe the trend.
Bitcoin: 92,000-92,500 range, watch for 90,000
Ethereum: 2,300-2,320 range, watch for 2,270
