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Bitcoin continued to fluctuate at high levels yesterday, with the pullback actually building up energy for a breakout. From a larger cycle perspective, the overall upward trend remains solid, currently in a correction phase of the upward consolidation. After accumulating strength, Bitcoin is likely to launch a strong attack, breaking through the 98,000 resistance level.
Today's trading approach leans towards bullishness. The key strategy is to decisively go long on dips while closely monitoring the overnight high points. Both bulls and bears are fiercely contesting within this range, requiring patience to wait for the optimal entry points. Following the plan in both entry and exit is essential to confidently grasp the market pulse.
Specifically for BTC, look for bullish opportunities in the 94,500 to 95,500 range, targeting the 96,500 to 98,000 zone. Once it stabilizes above 98,000, the next focus is on the psychological milestone of 100,000. However, if it cannot hold above 98,000, it’s necessary to promptly shift the mindset to a bearish stance.
For Ethereum, consider positioning around 3,250 to 3,300, with targets in the upper range of 3,330 to 3,380.