Thursday morning, Bitcoin and Ethereum continued their upward momentum from last night. After the market alert was issued in the early hours, prices did not experience sharp fluctuations but instead oscillated within the 90500-91000 range. This consolidation process precisely confirms the previous judgment— the key support below is indeed worth paying attention to.
From a macro perspective, the nearly 3000-point drop on Wednesday has pushed the market into a full adjustment phase. Currently, the 90500 support line shows considerable resilience, with bulls stepping in each time the price approaches, followed by rapid upward moves. Although bears have tested the downside multiple times, they have not effectively broken through this line. The strength of the rebound is gradually increasing, indicating that the bulls are accumulating momentum for further gains.
In the short-term rhythm, the forces of bulls and bears are in a tug-of-war, but each rebound's high point is rising, which is a bullish signal. Once the price confirms the resistance above, the subsequent shorting opportunities will become clearer.
**Current Trading Strategy:** Bitcoin: Buy on dips within the 90500-91000 range, targeting 92500 ETH: Establish long positions in the 3120-3150 range, with resistance around 3250
Maintain a bullish outlook in the short term and patiently wait for confirmation signals.
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OnlyOnMainnet
· 3h ago
The 90,500 level is indeed a tough barrier; the bears keep testing it but can't break through. It's quite interesting.
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GateUser-00be86fc
· 7h ago
90500 is blocked again, are the bulls really accumulating?
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PumpingCroissant
· 01-07 23:53
The 90,500 level is indeed a solid defense; the bulls' quickness in catching the dip is truly impressive.
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BagHolderTillRetire
· 01-07 23:52
The 90500 level definitely has some significance; the bulls are quite determined to take over.
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VCsSuckMyLiquidity
· 01-07 23:51
90500 has stabilized again, this time the bears really couldn't bite.
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New_Ser_Ngmi
· 01-07 23:46
90500 this defense line is really solid, the bulls are again taking on new positions
Last time's judgment was indeed correct, the oscillation is just accumulating bullish momentum
Will it really take off after breaking 92500? I'm a bit worried
I've already entered at ETH 3150, just waiting to see if it can hold above 3250
The rebound high points have been steadily rising, it feels like the bulls are really gaining strength
The bears have tried several times but haven't broken through the support, is it time to follow the trend and go long?
But still, let's wait for a confirmation signal, no need to rush
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HappyMinerUncle
· 01-07 23:44
The 90,500 level is still quite solid, and the bulls are gathering strength. It all depends on whether they can break through 92,500.
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SchroedingerGas
· 01-07 23:42
The 90,500 level really held the line. The bears tried multiple times but couldn't break through. It seems the bulls are holding back a big move.
Thursday morning, Bitcoin and Ethereum continued their upward momentum from last night. After the market alert was issued in the early hours, prices did not experience sharp fluctuations but instead oscillated within the 90500-91000 range. This consolidation process precisely confirms the previous judgment— the key support below is indeed worth paying attention to.
From a macro perspective, the nearly 3000-point drop on Wednesday has pushed the market into a full adjustment phase. Currently, the 90500 support line shows considerable resilience, with bulls stepping in each time the price approaches, followed by rapid upward moves. Although bears have tested the downside multiple times, they have not effectively broken through this line. The strength of the rebound is gradually increasing, indicating that the bulls are accumulating momentum for further gains.
In the short-term rhythm, the forces of bulls and bears are in a tug-of-war, but each rebound's high point is rising, which is a bullish signal. Once the price confirms the resistance above, the subsequent shorting opportunities will become clearer.
**Current Trading Strategy:**
Bitcoin: Buy on dips within the 90500-91000 range, targeting 92500
ETH: Establish long positions in the 3120-3150 range, with resistance around 3250
Maintain a bullish outlook in the short term and patiently wait for confirmation signals.