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Morning Analysis
The bulls are increasing volume, with a focus on short-term long positions within the day.
Bitcoin has stabilized above the key breakout zone with narrow-range consolidation. Open interest rises with price, indicating main force entry. The pullback is supported by buying interest, with no panic. As long as support holds, the upward trend is likely to continue.
In the 1-hour chart, a rally to 88600 encountered resistance and then oscillated. The long upper shadow indicates the bulls testing the market and accumulating strength, not a sign of momentum exhaustion. The MA7 and MA30 remain in a golden cross, and the support above 88000+MA7 is strong, with active buying. Main force has not exited; the loose stop-loss at 88600 indicates some trapped positions. As chips are optimized and MA7 support holds with volume increase, a break below signals a good entry point for layout. Pullbacks are opportunities for strategic positioning.
Trading Suggestions
Lay long positions around 87300-87800 for Bitcoin, targeting 89300-89800.
Lay long positions around 2870-2900 for Ethereum, targeting 3010-3040.