After a weekend of oscillation and consolidation, Bitcoin experienced a slight rally this morning. The current high is around 93,000. As early as last week, Jing Sheng provided a strategy, indicating that the bulls are about to explode, and the price is continuously rising. In the short term, it is gradually strengthening, and there may be further dips within the day.
From the current daily chart trend, the previous bottom at 80,600 has stopped the decline and started to rise. Recently, the trend has mainly been a wide-range tug-of-war, forming a box structure at the low end, clearly indicating a halt in the downward movement. The market is correcting and gathering strength at the low levels. Currently, the primary focus is on the resistance around 95,000, which will be tested in the short term. Once it breaks through 100,000, it will be just a matter of a moment. From the short-term K-line trend, the current candles are forming a continuous upward rhythm, with not many opportunities for dips. The consecutive bullish candles indicate a continuation of the bullish trend. Under this trend rhythm, traders can buy at any point, and dips are opportunities to buy. For Bitcoin, around 92,800-92,500, target 94,000-95,000 Ethereum, around 3,150-3,180, buy, target 3,250-3,330
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After a weekend of oscillation and consolidation, Bitcoin experienced a slight rally this morning. The current high is around 93,000. As early as last week, Jing Sheng provided a strategy, indicating that the bulls are about to explode, and the price is continuously rising. In the short term, it is gradually strengthening, and there may be further dips within the day.
From the current daily chart trend, the previous bottom at 80,600 has stopped the decline and started to rise. Recently, the trend has mainly been a wide-range tug-of-war, forming a box structure at the low end, clearly indicating a halt in the downward movement. The market is correcting and gathering strength at the low levels. Currently, the primary focus is on the resistance around 95,000, which will be tested in the short term. Once it breaks through 100,000, it will be just a matter of a moment.
From the short-term K-line trend, the current candles are forming a continuous upward rhythm, with not many opportunities for dips. The consecutive bullish candles indicate a continuation of the bullish trend. Under this trend rhythm, traders can buy at any point, and dips are opportunities to buy.
For Bitcoin, around 92,800-92,500, target
94,000-95,000
Ethereum, around 3,150-3,180, buy, target 3,250-3,330