From the 1-hour chart perspective, after the early morning price retraced and explored lower levels, a strong rebound has been initiated, with BTC currently trading around the 93,000 level. Although the price is temporarily below the middle band of the Bollinger Bands, the bullish characteristics are significant. In the short-term battle between bulls and bears, bulls have gained the dominant advantage. The overall trend should be treated with a bias toward strengthening volatility, requiring flexible responses to market fluctuations.
At the key signal level, BTC has successfully broken through previous resistance levels, with all three Bollinger Bands continuing to advance upward, clearly opening an upward channel. Meanwhile, trading volume in recent hours has significantly expanded compared to earlier periods, with price and volume rising in sync, confirming active market participation and strong upward momentum. BTC is following a strong pattern synchronously, with the technical picture showing an upward oscillating trend, with bullish momentum gradually accumulating.
Trading Suggestions for Reference
BTC: At pullbacks to the 92,500-93,000 zone, consider building long positions with light positions, targeting the 94,500 level; set stop-loss below the lower band of the Bollinger Bands, strictly controlling risk.
ETH: At pullbacks to the 3,230-3,260 zone, look for opportunities to go long, watching the 3,340 key level as target; if momentum weakens after reaching the target, flexibly reduce positions and exit.
1.7 Morning Trading Suggestions
From the 1-hour chart perspective, after the early morning price retraced and explored lower levels, a strong rebound has been initiated, with BTC currently trading around the 93,000 level. Although the price is temporarily below the middle band of the Bollinger Bands, the bullish characteristics are significant. In the short-term battle between bulls and bears, bulls have gained the dominant advantage. The overall trend should be treated with a bias toward strengthening volatility, requiring flexible responses to market fluctuations.
At the key signal level, BTC has successfully broken through previous resistance levels, with all three Bollinger Bands continuing to advance upward, clearly opening an upward channel. Meanwhile, trading volume in recent hours has significantly expanded compared to earlier periods, with price and volume rising in sync, confirming active market participation and strong upward momentum. BTC is following a strong pattern synchronously, with the technical picture showing an upward oscillating trend, with bullish momentum gradually accumulating.
Trading Suggestions for Reference
BTC: At pullbacks to the 92,500-93,000 zone, consider building long positions with light positions, targeting the 94,500 level; set stop-loss below the lower band of the Bollinger Bands, strictly controlling risk.
ETH: At pullbacks to the 3,230-3,260 zone, look for opportunities to go long, watching the 3,340 key level as target; if momentum weakens after reaching the target, flexibly reduce positions and exit.