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1.4 The weekend rally followed by narrow fluctuations, watch for high-low point switching
Bitcoin and Ethereum repeatedly mentioned yesterday's pullback and correction strategy, which also experienced a steady upward trend with oscillations, and the overall space is visible. However, since the early session's rally, it has remained in a sideways consolidation until now, showing a recent oscillating upward trend. Market sentiment is optimistic, and capital inflow is obvious. Over the past few days, Bitcoin and Ethereum have gradually climbed from around 86,500 and 2,900 respectively. After spiking to around 91,800 and 3,165 during the daytime, they faced profit-taking pressure and are now consolidating within a narrow range, forming a strong structure of "higher highs and higher lows."
Technical indicators: On the daily chart, the price broke above the upper band resistance, and the short-term moving average system formed a golden cross, providing support for the price. The four-hour indicators are showing a bullish trend, but the hourly chart is in the overbought zone, indicating a short-term correction is needed. Resistance above is focused on the 3200-3220 and 92,500-93,000 regions.
Evening trading suggestions: Short near 91,800-92,300 for Bitcoin, targeting around 90,300; short near 3,160-3,180 for Ethereum, targeting around 3,080.
Daily analysis and strategy have a relatively high success rate, all can be seen; analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication are not timely, and specific actions should be based on real-time conditions.