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Yesterday, the overall market showed a certain rebound, with BTC facing pressure around the 93000 level and the market overall retracing to the 90000 mark to stop falling, which is also consistent with our thoughts during the live broadcast in the early morning, indicating a certain depth dip. Currently, the key position is the 90000 level, which should not be broken. After hitting the top, the market is in a consolidation retracement, and the overall market trend still remains bullish. During our live broadcast yesterday, we also reminded everyone to pay attention to the 90000 level for BTC and the 3000 level for Ethereum during the retracement, both of which have been reached. As we head into the weekend, trading volume is sluggish, so everyone should focus on short-term operations while maintaining a range-bound strategy. There is likely to be little market movement on Saturday night, so let's take a break tonight. We will continue the live analysis on Sunday night at 11 PM.
From the four-hour level, BTC has continued to rebound this week and has broken through previous highs. Currently, it is showing a four consecutive negative candle technical repair trend, with the price quickly retreating to the vicinity of the Bollinger middle band for consolidation. Although the short-term pullback is significant, it has not formed an effective breakdown, and the upward structure remains solid. This round of pullback belongs to a healthy technical correction after a continuous slow rise. It is expected that after the weekend's consolidation and accumulation, the rebound trend is likely to continue, and the overall long positions pattern remains unchanged. Looking at the one-hour line, the price has retreated after a peak to the range between the Bollinger middle and lower bands, falling into a fluctuating trend of alternating small negative and positive candles, without showing further downward breaking momentum. The market liquidity is weakening over the weekend, the Bollinger Bands are continuously narrowing, and the fluctuation range is constantly tightening, with the current price running near the recent fluctuation range's low point. In summary, the short-term consolidation does not change the medium-term bullish logic, and the operation still focuses on laying out long positions during the pullback to seize the upward opportunity after the fluctuation.
You can go long on BTC between 90000-90500, looking at around 93500. You can go long on Ether between 2970-2990, looking at around 3100. #btc