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Midday Analysis
Bitcoin quickly dipped to around $86,000 and found support, now rebounding above $87,000. Market panic selling pressure has been released, and bottom-fishing funds have entered the market, pushing prices higher. The 1-hour chart shows the price rebounding from the lower Bollinger Band, with the KDJ indicator turning upward from the oversold zone. Short-term rebound momentum is still building.
Trading suggestion: Enter long positions in the $87,200-$86,700 range for Bitcoin, targeting around $89,000-$89,500.
Enter long positions around $2,800-$2,830 for Ethereum, targeting around $2,950-$2,980.