In the early morning, the market dipped to around 89,300, stabilized, and rebounded. It faced resistance at around 90,300 and pulled back. During the day, it maintained a narrow range of 89,700-90,200, completing a correction through range consolidation. Technically, multiple timeframes are resonating with a bullish bias. The daily chart shows increasing bullish candles, MACD diverging downward, and KDJ gradually converging and rising. Resistance is at 92,500, support at 87,500; the four-hour chart shows increasing bullish volume, MACD forming a golden cross and rising, KDJ diverging upward; the hourly Bollinger Bands are opening upward, MACD crossing above zero line strengthening, KDJ maintaining a golden cross, indicating sufficient short-term bullish momentum. Trading Suggestions Consider long positions around 88,500-89,000 with targets at 91,500-92,000-93,000. For the second coin, consider long positions around 2,920-2,950 with targets at 3,120-3,150.
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Evening Analysis
In the early morning, the market dipped to around 89,300, stabilized, and rebounded. It faced resistance at around 90,300 and pulled back. During the day, it maintained a narrow range of 89,700-90,200, completing a correction through range consolidation.
Technically, multiple timeframes are resonating with a bullish bias. The daily chart shows increasing bullish candles, MACD diverging downward, and KDJ gradually converging and rising. Resistance is at 92,500, support at 87,500; the four-hour chart shows increasing bullish volume, MACD forming a golden cross and rising, KDJ diverging upward; the hourly Bollinger Bands are opening upward, MACD crossing above zero line strengthening, KDJ maintaining a golden cross, indicating sufficient short-term bullish momentum.
Trading Suggestions
Consider long positions around 88,500-89,000 with targets at 91,500-92,000-93,000.
For the second coin, consider long positions around 2,920-2,950 with targets at 3,120-3,150.