The Bitcoin wedge breakout is imminent, and the movement of the US market is crucial! Short-term bullish outlook towards the 91000 level.

During today's Asia-Europe trading session, the crypto market did not continue its weak trend, with prices stabilizing and rising, and the volatility range significantly narrowing. The current market is entering a critical transitional period, with the focus shifting to the movements before and after the US trading session—once the US trading period breaks the consolidation pattern, it may trigger a new round of upward momentum. Technical signals indicate that Bitcoin's short-term trend has shown signs of recovery, with the wedge consolidation pattern extending from the drop of 80000 completing its accumulation, and the upward momentum is clear and sustainable, with bullish attributes remaining solid. Based on this, it is recommended that friends maintain a bullish strategy and seize breakout opportunities.

From a technical perspective, Bitcoin has formed a clear wedge upward structure after experiencing a phase adjustment (constructed from the low of 80000 to the range of 83400-86500). The wedge pattern, as a typical continuation pattern, usually indicates the continuation of the trend. Currently, the price is approaching the upper resistance of the wedge; if it successfully breaks through the key area of 86500-87000 during the US trading session, technical buying is expected to accelerate the price upward, with the first target directly aiming at the 91000 level. The validity of the wedge breakout needs to focus on two points: first, the volume accompanying the breakout, and second, the confirmation of a pullback after the breakout.

Ethereum potential release, focus on 2910 long position opportunities
As a barometer of the crypto market, Ethereum is simultaneously presenting positive signals. Recent trends show that its upward momentum is more pronounced than that of Bitcoin, with technical indicators such as RSI and MACD issuing resonant buy signals. It is recommended that investors position long orders around 2910, with a stop-loss set below 2880, and a target aimed at the 3060 area. If Bitcoin successfully breaks through the upper edge of the wedge, Ethereum is expected to form a correlated upward movement, further opening up upward space.
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