#数字资产市场观察 The US stock market took a roller coaster ride today - it opened high and then dumped, but then it pumped back up, and the market sentiment is recovering. After yesterday's big dump of Bitcoin, it started to recover losses in the morning. Once the US stock market opened in the evening, $BTC stabilized directly at $88,000, and it is now heading towards $89,000. It feels like returning to $90,000 is not a big issue.
Looking at the daily chart, this rebound from the bottom is quite strong. After the price dropped to the lower band of the Bollinger Bands, it quickly bounced back up. The long lower shadow from yesterday indicates that the support below is indeed solid. Today continues the rebound rhythm, with bulls maintaining their momentum, and the daily candlestick is steadily climbing with a small bullish line. Although the previous trend was a downward consolidation, the long lower shadow combined with consecutive rebound candlesticks clearly signals a reversal — bullish momentum is rapidly gathering, and the trend may be about to change. The upper space has opened up, and each pullback is actually a good entry point.
From an operational perspective, Bitcoin can be considered for a long position around 89000, with a target of 90000; $ETH is planned around 2900, targeting the 2950 area.
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#数字资产市场观察 The US stock market took a roller coaster ride today - it opened high and then dumped, but then it pumped back up, and the market sentiment is recovering. After yesterday's big dump of Bitcoin, it started to recover losses in the morning. Once the US stock market opened in the evening, $BTC stabilized directly at $88,000, and it is now heading towards $89,000. It feels like returning to $90,000 is not a big issue.
Looking at the daily chart, this rebound from the bottom is quite strong. After the price dropped to the lower band of the Bollinger Bands, it quickly bounced back up. The long lower shadow from yesterday indicates that the support below is indeed solid. Today continues the rebound rhythm, with bulls maintaining their momentum, and the daily candlestick is steadily climbing with a small bullish line. Although the previous trend was a downward consolidation, the long lower shadow combined with consecutive rebound candlesticks clearly signals a reversal — bullish momentum is rapidly gathering, and the trend may be about to change. The upper space has opened up, and each pullback is actually a good entry point.
From an operational perspective, Bitcoin can be considered for a long position around 89000, with a target of 90000; $ETH is planned around 2900, targeting the 2950 area.