Xiao Huangyu says Bitcoin and ETH morning analysis

The current market is in a technical correction cycle after a decline. After a rapid drop on the four-hour chart, clear signs of a bottoming out appeared at lower levels. The K-line closed with consecutive gains, recovering lost ground, and the price is now consolidating within the short-term moving average range. However, the medium-term moving averages above still remain under pressure, indicating that the larger trend has not yet shifted to a strong upward momentum.
On the one-hour chart, the lows are gradually moving higher, with rebound momentum continuously releasing. Trading volume has also picked up, giving the bulls some control in the short term. But it is now approaching a key resistance zone. To further expand the upward space, it is necessary to observe whether the trading volume can continue to increase to confirm the sustainability.
In terms of trading strategy, consider setting up buy orders around 87200-86700, with targets at 89000-90000.
For ETH, set buy orders around 2860-2890, with targets near 2990-3050.