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1.8 Morning BTC ETH Trading Suggestions and Technical Analysis, Follow Public🀄️Official A Lao Li for Trend
Today, the market is hovering around low levels, successfully shaking off the indecision of both bulls and bears. The current rebound is gradually gaining momentum, and the bullish pattern is steadily warming up. Looking back to the early morning, Bitcoin retraced to a low around 90600, consolidating near this level, while Ethereum is consolidating around 3140.
From the current four-hour chart, the market has formed a slight double bottom pattern with small needles, with the lower shadow gradually becoming prominent, indicating that bullish rebound momentum is clearly recovering. On the one-hour chart, multiple downward moves have failed to break through effectively, and each pullback has resulted in some rebound space. This characteristic fully confirms the stability of the support below and also indicates that the bullish force has not completely withdrawn. Currently, all pullbacks can be understood as a time-for-space correction method. After the correction ends, the market is expected to continue rising, so we will continue to adopt a retracement and long position strategy.
Trading Suggestions:
Bitcoin: Around 91000-90500, consider buying, target 93000
Ethereum: Around 3150-3100, consider buying, target 3250