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Tuesday Early Morning Bitcoin and Ethereum Market Analysis and Intraday Summary
From the current chart, the 1-hour timeframe shows a rally to 90370 followed by a pullback, forming a clear long upper shadow, indicating strong resistance around the 90000 level. Regarding technical indicators, the three lines of KDJ are converging at low levels, not yet forming a clear golden or death cross, suggesting short-term bullish and bearish momentum are balancing; RSI is below the neutral 50 line, indicating that the bearish force has a slight advantage but is not in oversold territory. The MACD shows a decreasing histogram, implying weakening downward momentum, but no clear reversal signal is present yet.
Short-term support is focused on the lower band; if broken, further testing of the 85000 level may occur. Short-term resistance first targets the middle band; a breakout could be observed near the previous high of 90300. Until a clear trend reversal signal appears, overnight trading can continue with the evening strategy, using the middle band as resistance, and mainly taking long positions below it.
Trading Suggestions:
Bitcoin: Watch for resistance around 88300-88800, with a target below at 86500;
Ethereum: Focus on resistance near 2970-3000, with a target around 2860.