Bitcoin and Ethereum Evening Analysis
Bitcoin rebounds to the 93000-93500 range, target looking down at 91000 and 89000
Ethereum rebounds to the 3280-3320 range, target looking down at 3200 and 3120
Yesterday, Bitcoin rebounded and formed a K-line shape with a long upper shadow, reaching the key resistance level of 93547 before retreating, indicating concentrated selling pressure in the 93500-94000 range.
Although the four-hour chart shows a continuous upward rebound, the price remains constrained by the middle band of the Bollinger Bands and the upper edge of the range (94200), failing to form an effective breakthrough. The MACD indicator shows signs of forming a dead cross near the zero axis, indicating a short-term trend biased towards oscillation and retreat.
Core resistance 93500-94000, primary support 90000, strong support in the 88000-89000 range.
