Last night, the market experienced intense volatility within the 88400-90900 range. Although there were obvious two-way pinning during the session, the price ultimately stabilized around 90100, indicating that the bulls still maintain resilience at the key support area. After a quick dip to 88400, a rapid rebound occurred, showing strong buying interest at that level, and the bears failed to effectively break through the defense line.
From a structural perspective, the pattern of gradually rising lows and continuous testing of highs in a oscillating upward trend has not been broken. Currently, the price has regained its position above the 90000 psychological level. If it can continue to consolidate above this level, it will be conducive to the bulls accumulating further momentum for an upward push. As long as the support zone at 89000-88500 is not effectively broken, the overall technical structure remains biased towards oscillating bullish. Attention should be paid to whether the high of 90900 from yesterday can be converted into effective support. If the price can stabilize and break through this level during the daytime, the next target could be the previous high area of 91500-92000. #加密行情预测 $BTC
Bitcoin outlook: Long in the 89000-89500 range, target 91500 Ethereum outlook: Long in the 3085-3100 range, target 3200
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Last night, the market experienced intense volatility within the 88400-90900 range. Although there were obvious two-way pinning during the session, the price ultimately stabilized around 90100, indicating that the bulls still maintain resilience at the key support area. After a quick dip to 88400, a rapid rebound occurred, showing strong buying interest at that level, and the bears failed to effectively break through the defense line.
From a structural perspective, the pattern of gradually rising lows and continuous testing of highs in a oscillating upward trend has not been broken. Currently, the price has regained its position above the 90000 psychological level. If it can continue to consolidate above this level, it will be conducive to the bulls accumulating further momentum for an upward push. As long as the support zone at 89000-88500 is not effectively broken, the overall technical structure remains biased towards oscillating bullish. Attention should be paid to whether the high of 90900 from yesterday can be converted into effective support. If the price can stabilize and break through this level during the daytime, the next target could be the previous high area of 91500-92000. #加密行情预测 $BTC
Bitcoin outlook: Long in the 89000-89500 range, target 91500
Ethereum outlook: Long in the 3085-3100 range, target 3200