Bitcoin surges to 93,000, a battle between bulls and bears;
This morning's initial rally followed by a pullback is essentially a test of key resistance levels at 93,000 for Bitcoin and 3,300 for Ether.
The test failed to break through, and the market is currently consolidating around 92,000; Ether also retreated from the high of 3,300 to the 3,180-3,200 range. It is now consolidating near 3,220, and neither has broken the overall rebound structure established since early December. The market's bullish to bearish ratio has slightly eased from high levels, indicating that the market is still accumulating energy for another surge,
The market is in a high-level consolidation phase after the macroeconomic positive signals have been realized. Despite technical pullbacks, the core logic supporting medium- and long-term upward movement remains unchanged.
Bitcoin can consider entering long positions on dips around 91,300-91,600, with targets at 92,880. A breakout above can focus on 93,800-94,500.
Ether can set up long positions around 3,160-3,180 with a target near 3,250. If broken through, it can continue to look higher toward 3,350!$BTC #美联储降息
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Bitcoin surges to 93,000, a battle between bulls and bears;
This morning's initial rally followed by a pullback is essentially a test of key resistance levels at 93,000 for Bitcoin and 3,300 for Ether.
The test failed to break through, and the market is currently consolidating around 92,000; Ether also retreated from the high of 3,300 to the 3,180-3,200 range. It is now consolidating near 3,220, and neither has broken the overall rebound structure established since early December. The market's bullish to bearish ratio has slightly eased from high levels, indicating that the market is still accumulating energy for another surge,
The market is in a high-level consolidation phase after the macroeconomic positive signals have been realized. Despite technical pullbacks, the core logic supporting medium- and long-term upward movement remains unchanged.
Bitcoin can consider entering long positions on dips around 91,300-91,600, with targets at 92,880. A breakout above can focus on 93,800-94,500.
Ether can set up long positions around 3,160-3,180 with a target near 3,250. If broken through, it can continue to look higher toward 3,350!$BTC #美联储降息