Wednesday, the bullish rebound continues, initially targeting 95,500 for resistance

Yesterday, Bitcoin rebounded sharply and surged, breaking through the 90,200 resistance and continuing to rise with increased volume. In the short term, the key factor still lies in the Fed's interest rate cut meeting on the 10th of this month; for now, we have to take it step by step.

On the daily chart, there have been two consecutive strong bullish candles, and there is still some room for a rebound above. During the European session, a slight pullback is a good spot for going long. Short positions should only be considered after midnight, as the market is expected to swing back and forth. Remember to control your position size.

Bitcoin: Go long at 92,300/92,800, target 95,500. If it doesn't break, look for a spot to short.

Ethereum: Go long at 2,990/3,020, target 3,150. If it doesn't break, look for a spot to short.

Eight-year seasoned crypto veteran, witness to bull and bear cycles. It's better to walk with others than to go it alone. Opportunities await those who are ready. Wishing everyone the best of luck.