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Thursday morning, Bitcoin and Ethereum continued their upward momentum from last night. After the market alert was issued in the early hours, prices did not experience sharp fluctuations but instead oscillated within the 90500-91000 range. This consolidation process precisely confirms the previous judgment— the key support below is indeed worth paying attention to.
From a macro perspective, the nearly 3000-point drop on Wednesday has pushed the market into a full adjustment phase. Currently, the 90500 support line shows considerable resilience, with bulls stepping in each time the price approaches, followed by rapid upward moves. Although bears have tested the downside multiple times, they have not effectively broken through this line. The strength of the rebound is gradually increasing, indicating that the bulls are accumulating momentum for further gains.
In the short-term rhythm, the forces of bulls and bears are in a tug-of-war, but each rebound's high point is rising, which is a bullish signal. Once the price confirms the resistance above, the subsequent shorting opportunities will become clearer.
**Current Trading Strategy:**
Bitcoin: Buy on dips within the 90500-91000 range, targeting 92500
ETH: Establish long positions in the 3120-3150 range, with resistance around 3250
Maintain a bullish outlook in the short term and patiently wait for confirmation signals.