Monday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions
Bitcoin continues to fluctuate around the 91000 mark, consolidating for a long time but always holding its ground. Each dip is only a brief test, quickly pulled back, with the 90800 support proving to be extremely solid. The current trend can be seen as a stage of bullish energy accumulation. Once it breaks through the 92000 resistance, further upward movement will be a natural outcome. In the current market environment, it is not advisable to blindly go against the trend and short the market.
From a technical structure perspective, the short-term is entering a consolidation phase, and there is indeed a demand for adjustment at the daily level. However, it is worth noting that the moving average system maintains a perfect bullish arrangement, and the momentum support remains solid. Therefore, we continue to hold the core idea of following the trend and going long, waiting for the continuation of the trend. Analyzing from the perspective of trend evolution, if the current situation is a healthy technical correction, we need to focus on a secondary volume increase to confirm the sustainability of the upward trend. Considering the recent depth of the pullback and the strength of the rebound, a short-term oscillation pattern may continue. However, the previous volume increase has already pushed the moving average system to complete a bullish arrangement, and the overall structure has not been damaged. Even if there is a demand for adjustment at the daily level, going long still has a high safety margin.
Trading Suggestions:
Bitcoin: Consider placing long orders in the 90500-90000 range, with a target towards 92500
Ethereum: Consider entering long orders around 2980, with a target towards 3100
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