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Bitcoin has maintained a rebound trend in recent market movements, with bullish sentiment slightly warming up. As of now, the price has stabilized above 90,000, reaching a high near 91,800. The current price fluctuates around 91,000. If it can continue to stabilize, there is potential for further gains within the day.
From a technical perspective, the 4-hour chart shows a long upper shadow near the 91,800 high, indicating significant selling pressure above and suggesting a possible short-term correction. Although the daily candles have closed positively for three consecutive days, the body of the candles is gradually shrinking, which means the bullish momentum is weakening. Regarding indicators, the 4-hour MACD's DIF has crossed below DEA, and the histogram is shrinking; the daily MACD remains in positive territory (1178) but has clearly flattened, indicating diminishing upward momentum. Looking at the moving averages, the price is currently oscillating between the 4-hour EMA7 (90968) and EMA30 (89685), with the 120-day moving average (88906) serving as a key support level. The 90,000 integer level is a critical point to watch today. If it holds, the short-term strategy is to focus on buying on dips, with support at 90,000 and 88,800.
Based on this technical pattern, the short-term trading plan is as follows: for shorts, try short positions in the 91,500-92,500 range with a stop loss of 500 points at 94,000, targeting below 91,000; for longs, try long positions in the 88,600-89,600 range with a stop loss of 500 points, targeting above 90,500.
For Ethereum, the short-term strategy is: lightly short in the 3,155-3,225 range with a 30-point stop loss, targeting below 3,080; and lightly long in the 2,981-3,031 range with a 30-point stop loss, targeting above 3,060.
Reminder to all traders: market changes are rapid and unpredictable. No matter how confident you are in your market judgment, setting proper take-profit and stop-loss levels is essential. Securing profits in time is the key.