Reviewing the cryptocurrency market conditions early this morning, Bitcoin quickly rebounded after breaking below the 90000 integer level. This downward movement exhibited typical false breakthrough characteristics. After confirming stabilization at the 90000 level, the price rapidly climbed to the 91400 range. The bullish strategy established by our team early this morning has been accurately realized. As of now, Bitcoin is oscillating around the 90800 mark. The midnight team led by Yang Jie has set up long positions in Bitcoin and Ethereum, which are currently still profitable.
After successfully holding the critical psychological level of 90000, the market experienced a classic "trap for shorts" type of oscillation washout. The overall technical structure remains healthy. The current pullback can be viewed as a normal retest confirmation of the previous breakout point at 91400, showing positive volume-price coordination characteristics of "increasing volume on the rise, decreasing volume on the pullback." As long as the price remains steady above the support range of 90500-90200, the short-term upward channel remains valid, and the market is expected to consolidate and gather strength before moving upward again, targeting the resistance area of 91800-92000.
Bitcoin: Long positions around 90000, target focus on 92000.
Ethereum: Long positions in the 3070-3100 range, target focus on 3250.
