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Morning Analysis
Market Brief: The 4-hour long signal for Bitcoin is fully triggered, and buying on dips is the right move now!
After a strong rally and stabilization around the 97,000 level, continuous inflows of funds over the past 24 hours have solidified the upward momentum. This is not a minor rebound; the signs of large capital deployment are obvious. The current slight pullback does not change the overall strength, making it a golden opportunity for low-entry longs!
The 4-hour technical structure fully supports a bullish outlook: price has broken above the middle Bollinger Band and is steadily approaching the upper band. After probing the lower band earlier, a strong rebound occurred, making support unbreakable. The upward movement along the middle band forms a standard bullish channel. Although the KDJ is overbought, it has not turned down, and with increased volume on the rise, bullish momentum is still being released. Overbought conditions are normal in a strong market!
Trading Suggestions
Bitcoin around 95,500-96,000 look for long positions, targeting 97,500-98,000
Ethereum around 3,270-3,300 look for long positions, targeting 3,420-3,450