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Monday Bitcoin and Ethereum Market Analysis and Trading Suggestions
Friends, after a two-day weekend break to rest and recharge, now that you're refreshed and energized, your market monitoring and decision-making will be more stable, and your strategies clearer. Last week, Bitcoin experienced a rally followed by a pullback and consolidation, fluctuating between 90,000 and 91,000. It initially tested 94,800 before pulling back, briefly breaking below 90,000, and then oscillating around 90,500 over the weekend.
Last week, Bitcoin also showed a pattern of a rally followed by a pullback and narrow-range consolidation, with a weekly high of 3,196 points and a low of 3,078 points, oscillating around 3,080 over the weekend.
From the technical perspective, the 4-hour EMA of Bitcoin is narrowing, with support at 90,000. Volume is moderate. Overall, the market volatility is not large, and there will still be a process of repeated correction and consolidation. Based on the current trend, the retracement is relatively small, with repeated tests of support but unable to break it, then pulling back, so further upward movement is expected.
Trading suggestions: for Bitcoin, focus on 90,500—90,000 for bullish positions, with a target within 91,500.
For the second wife, focus on 3,100—3,050 for bullish positions, with a target within 3,250.