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The current market situation is once again testing your patience. Bitcoin's current position could be very critical. After yesterday's continuous wide-range fluctuations, it is now hovering around 95,600. In the short term, it remains above the 95,000 level, but it has entered a range-bound oscillation, transitioning from a low-level accumulation phase to a high-level correction. The short-term resistance above is not broken, and the support below is very strong. Overall, it is expected to continue oscillating for some time. However, as the previous resistance was broken, the short-term lows are gradually rising, and support levels are moving upward. At this point, blind positioning is no longer advisable. Everything still depends on real-time analysis, and every round of my strategy has been flawless. The early morning signals to take partial profits and exit are also based on this. In this market, if you still cannot analyze the trend in real-time and respond promptly, making it difficult to determine long or short positions, it might be wise to follow my lead. Perhaps one accidental choice could change your current situation.
From the current market chart, it is clear that after the short-term decline paused around 95,000 and a rebound occurred, there has been no significant change in the daily chart structure. It still shows consecutive bullish candles, and in the short term, the price remains within the upward rebound channel. The overall structural trend continues to recover and rebound. This morning's rebound was also within our expectations; the pullback is merely a correction after the surge. For now, focus on the continuation of the rebound. The 4-hour price comparison shows a slight correction after the decline. Although it hasn't broken higher, the previously mentioned short-term support has not been broken either. Therefore, future positioning should revolve around the support levels for long positions.
On Friday morning, Bitcoin was bought around 95,500-95,300 with a target of 97,500. Ethereum was around 3,300-3,280, with an initial target of 3,400.