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In the rise and fall waves of the crypto world, there are no eternal smooth paths, nor is there an everlasting winter. The revelry of a bull run amplifies greed, while the silence of a Bear Market breeds fear. However, the true winners have always moved forward at their own pace. BTC rebounded strongly from the desperate line of 89362 in the afternoon, surging all the way up to a high of 91788. After a brief pullback to 90952 in the evening to gather strength, long positions have pursued victory, and as of now, it has broken through the critical high of 93575, with an increase of over 4200 points. ETH has also resonated and strengthened! Stabilizing and rebounding from the low of 2968, it was the first to rise to the line of 3069. After pulling back to 3023 in the evening to confirm support, it immediately entered an accelerated upward mode, currently climbing to a high of 3156, with a range increase of nearly 200 points, maintaining a strong follow-up pace! Yesterday, all long orders for BTC and ETH were perfectly taken profit and exited. That is the reality.
The fluctuations in the crypto world are not a judgment of fate, but a selection of time. Every rise and fall of the K-line tests the market's determination; every winter in the Bear Market paves the way for the bloom of the bull run. The one-hour Rebound was clearly obstructed after reaching the 91560 line, where it faced dual pressure from the EMA30 and the middle band of the Bollinger Bands. The K-line failed to form an effective upper shadow, and the body could not hold steady, reflecting continuous and strong selling pressure above. Although the MACD shows a contraction of the red bars, the fast and slow lines still hover below the 0 axis, indicating that the bearish structure has not been broken; the RSI and KDJ have bounced back from the oversold area, but still remain in the weak zone, representing a typical weak rebound pattern, not a trend reversal signal. The current upward movement is more inclined towards passive recovery after the fall, rather than a substantial change in trend. The bearish rhythm has not yet ended, and the area around 91500 remains the most critical pressure zone. As long as the price cannot effectively stabilize at this position, the overall pattern will continue to maintain a weak trend.
Operation Suggestions:
BTC is around 93000, aiming for 95000.
Ethereum is around 3100, with a target price of 3300.
$BTC $ETH