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The early session closed with bullish volume, and Bitcoin once tested resistance near 92,500. After reaching a high, the price pulled back, and currently, after a brief dip to the 90,000 level, it stabilized and is now oscillating around 90,500. Ethereum also recovered as expected to around 3,150, a key resistance level, and the recent correction has not necessarily broken below 3,100. The overall movement is completely consistent with the pattern we discussed in our live session yesterday evening. The bulls remain in a strong structure.
Looking at the current market, the daily chart continues to show a sideways pattern. Recently, it has maintained a low-volume correction, and it has not yet broken the support level at the recent bottom of the oscillation. To push higher, it needs to break through key levels convincingly; otherwise, the daily structure will likely continue to oscillate. Given the current attempts at new highs and strong support at lower levels, a pullback to buy more at lower prices remains more reasonable. On the four-hour chart, there are still some signs of a false breakout. Referencing recent instances of sharp rises followed by pullbacks, the lows are gradually moving higher. Although a clear trend has not yet emerged, multiple tests of moving averages have resulted in rebounds, indicating strong buying at the bottom and ongoing recovery strength. In the short term, focus on the oscillation range and maintain a bullish outlook.
Bitcoin can be bought around 90,000-90,500, with targets near 92,500. Ethereum can be bought around 3,100-3,080, with targets near 3,200. #BTC #ETH