1.1 Morning Bitcoin and Ethereum Trading Suggestions and Direction Sharing

Reviewing the evening market sentiment, after the US stock market opened, a continuous decline was observed, with a sharp drop from 89,100 to around 87,100, a decline of over 2,000 points. The trading trend was clearly downward. Last night, we took a long position around 88,300, but unfortunately exited during the strong pullback. Exiting is not a failure; it’s an opportunity to re-enter.
From the current market situation, the four-hour chart shows that the previous high is under pressure, with a rebound that did not break the structure. The key support levels below repeatedly halted the decline, indicating profit-taking consolidation within a trading range, operating within a price center, with a slow rhythm. The short-term trend is not bad, but selling pressure still exists. The one-hour chart shows stabilization after the decline, with no new lows at the lows, indicating weakening bearish momentum. However, the rebound volume is insufficient, showing a weak rebound pattern, with short-term oscillation and tug-of-war. Therefore, the morning trading suggestion is to mainly buy on dips.
Buy near 87,600 to 87,000 for Bitcoin, watch for 89,000.
Buy near 2,960 to 2,930 for Ethereum, watch for 3,050.