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1.13 Midnight Bitcoin and Ethereum Market Recommendations
When prices fall, panic sets in and you want to close your account; when prices rise, you feel confident and think you can push for another wave. Opportunities are always present, and those who seize them are willing to take action. Looking back at today’s market, the price continued to fluctuate in a tug-of-war pattern. Bitcoin tested the 92,569 level at midday, then faced resistance and pulled back, dropping to around 92,000 to stabilize and rebound; Ethereum moved in sync, rising to a high of 3,150, then retraced to around 3,100 before regaining momentum. Recently, the overall trend has been a cycle of rising and falling, but no matter how it moves, the resistance levels above remain unbroken and unsteady.
From the current market situation, Bitcoin is stable around 92,000 with fluctuations. The daily and weekly charts are expected to break higher further. Watch for a short pause and consolidation followed by increased volume. After continuous consolidation, it will be a key point for volume expansion, with a high probability of breaking through the upper resistance. The 4-hour chart shows sustained four bullish candles, and short-term minor retracements are just preparing for the next upward push, accumulating enough momentum for the bulls and allowing indicators to adjust. Tonight, there is potential for significant upward movement, breaking through the resistance above. Future operations should consider intraday patterns, waiting for new driving signals. In the short term, expect stable upward movement, and the main strategy is to buy on dips during pullbacks.
Bitcoin (BTC) at 91,900-91,700 is bullish, watch for 92,800.
Ethereum (ETH) at 3,120-3,090 is bullish, watch for 3,200.