The daily line pullback has concluded, confirming a short-term low and a healthy bullish rebound pattern. BTC (Bitcoin) has held above the middle band of the daily chart for two consecutive bullish candles; the doji bearish candle was only a brief correction.
ETH (Ethereum) has also posted consecutive bullish candles, returning to the middle band. After a breakout on the shorter timeframes, it shows short-term strength, but hasn't entered an extremely strong one-sided trend. Following a sharp drop, a V-shaped reversal has formed. If it breaks through the previous resistance at 95,000 during the day, the bulls will officially maintain their strong momentum.
BTC Strategy: Buy near 92,300-92,800, target 94,500-95,000 ETH Strategy: Buy near 3,130-3,150, target 3,250-3,300
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11.4 Morning Review Continue Buying on Pullbacks
The daily line pullback has concluded, confirming a short-term low and a healthy bullish rebound pattern. BTC (Bitcoin) has held above the middle band of the daily chart for two consecutive bullish candles; the doji bearish candle was only a brief correction.
ETH (Ethereum) has also posted consecutive bullish candles, returning to the middle band. After a breakout on the shorter timeframes, it shows short-term strength, but hasn't entered an extremely strong one-sided trend. Following a sharp drop, a V-shaped reversal has formed. If it breaks through the previous resistance at 95,000 during the day, the bulls will officially maintain their strong momentum.
BTC Strategy: Buy near 92,300-92,800, target 94,500-95,000
ETH Strategy: Buy near 3,130-3,150, target 3,250-3,300
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