Market fluctuations are significant, and many inquiries have come in. Lao Lu has been quite busy recently. As requested by everyone, here's an update. The fundamentals during the early morning will undoubtedly lead to substantial market volatility. Whether the positions can become increasingly full depends on whether we can seize the opportunity. Everything here is also prepared, and we are making a strong effort to grasp it.
From the daily chart perspective, the candlestick pattern shows a stepwise upward climb. After three consecutive bullish candles, a large bullish candle touched the upper band but closed and turned bearish again. The signs of long-term main force withdrawal are obvious, but the overall range is moving upward, and the bullish trend still has dominance. In the four-hour structure, after breaking through the upper band, the price rose near the pressure level but then continued to decline toward the middle band. The candlestick bodies gradually shrank, indicating the momentum is entering a decline phase. The MACD values are relatively high, and the fast and slow lines are converging above the zero axis. This also indicates that the bulls are still in the accumulation stage.
In summary: Bitcoin is around 91,700-91,200. Watch near 94,400, with support around 90,400. Ether is around 3,300, watch near 3,380, with support around 3,280.
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Market fluctuations are significant, and many inquiries have come in. Lao Lu has been quite busy recently. As requested by everyone, here's an update. The fundamentals during the early morning will undoubtedly lead to substantial market volatility. Whether the positions can become increasingly full depends on whether we can seize the opportunity. Everything here is also prepared, and we are making a strong effort to grasp it.
From the daily chart perspective, the candlestick pattern shows a stepwise upward climb. After three consecutive bullish candles, a large bullish candle touched the upper band but closed and turned bearish again. The signs of long-term main force withdrawal are obvious, but the overall range is moving upward, and the bullish trend still has dominance. In the four-hour structure, after breaking through the upper band, the price rose near the pressure level but then continued to decline toward the middle band. The candlestick bodies gradually shrank, indicating the momentum is entering a decline phase. The MACD values are relatively high, and the fast and slow lines are converging above the zero axis. This also indicates that the bulls are still in the accumulation stage.
In summary:
Bitcoin is around 91,700-91,200. Watch near 94,400, with support around 90,400. Ether is around 3,300, watch near 3,380, with support around 3,280.