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After the adjustments over the weekend, the overall market rebounded after testing the 90000 level. On Sunday night, long positions once again increased trading volumes to recover, but they did not break through the short-term resistance level of 92000. In the short term, the market has experienced some pullback, and BTC has once again fallen to around 91000 for consolidation, with no further signs of weakness overall. In terms of Ethereum, it is performing similarly to BTC, with the market not breaking below the 3000 mark during the pullback, and there are signs of bottoming out during the weekend pullback. This indicates that the long positions are strong in the current market data, and the strategy of maintaining low long positions will remain unchanged in the future.
Looking at the BTC daily chart, the market made an adjustment in the form of a doji candlestick over the weekend. In the short term, the price rebound has not broken through the resistance level of the middle band, but is instead oscillating further below it. However, the current structure of short-term long positions has not been further broken, and it is especially important whether the key resistance can support a second time. Combined with the four-hour chart, the weak trading volume over the weekend has led to a further narrowing of the Bollinger Bands, indicating that the market will enter a new round of directional decision-making. The lower band closed around 90000, and after the weekend adjustment near the 90000 level, the rebound has made the lower band support more evident. Currently, the price has returned to around 90000, which will further highlight the recovery of long positions in the future. The outlook remains unchanged with a bullish perspective.
BTC can go long between 90000-90500, watch near 92500. Ether can go long between 2970-3000, watch near 3100. #btc