#BTC Reviewing yesterday's overall market, in the morning session, BTC rose above 88000 to test the resistance level, then faced pressure and fell. During the day, it dipped twice to around 86300 and stopped falling, which also tested the key resistance level around 86000 for the second time. The overall market continued to show a corrective pattern and recovered. In the early morning during the U.S. market session, there was also continuous higher trade volumes, and the price is now recovering back to the 90000 mark, consistent with our recent medium to long term outlook. Ethereum is also moving in sync with BTC, currently recovering above the 3000 mark. Overall, the trend remains in a corrective rebound after hitting a bottom, and the short-term view still maintains an upward perspective.

From the BTC daily chart, after experiencing a bearish pullback on Monday to test the resistance level around 86000, it showed certain signs of bottoming out as it tested the bottom again yesterday. Today's bullish close also indicates that, despite the current weak structure, it is still in a corrective phase, which has laid a foundation for a potential rebound in the future. Referring to the Fibonacci retracement levels of this pullback, the upper resistance levels to watch are 91000-94000-97000. Currently, it is only a few hundred points away from the first resistance level. After testing in the short term, there may still be space for a dip, but there is still upside potential even at lower levels, so the overall direction remains unchanged. Looking at the four-hour chart, the overall K-line has formed a standard upward channel. As the market consolidates and breaks through the upper band of the Bollinger Bands, the market will enter a new round of recovery. After the market adjusts and dips to the bottom of the downward channel, it will still be a very good buying opportunity. Therefore, the sentiment at present remains bullish, and any dip presents an opportunity to add long positions.

You can go long on BTC with a light position in the 90000-89500 range, looking at around 91500. You can go long on Ether near 3000, aiming for around 3200. #ETH