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Yesterday, the long positions strategy was perfectly executed! Fans all made profits and exited.
In the early hours of yesterday, Bitcoin rapidly declined from the 90600 level, hitting a low of 87800, and then stabilized and rebounded, currently oscillating around 88500.
From the 4-hour chart analysis, the price of the coin has repeatedly attempted to break through the key level of 90000. Although it has pierced through several times, it has not been able to establish a stable position. However, the long positions' momentum has not diminished, and there are no effective signals indicating a halt in the upward trend. From a technical perspective, the MACD indicator's green bars continue to shrink. After completing a golden cross, it briefly turned downward, but the support below is quite strong. The probability of breaking below the 80000 level in the short term is extremely low, and the long positions' pattern in the future remains solid.
Trading suggestion: Around 87900-87200, look for long positions, target at 89500-90500.
Ethereum suggests to hover around the 2985-2945 range, with a target of 3070-3150.