Last night, Bitcoin spiked to 93363 and then rebounded upwards, quickly rising to 97738 in the morning. In the evening, with a strong opening, Bitcoin continued to climb, seemingly on the verge of a breakout. However, the current market conditions are still not suitable for chasing.

In the early morning, the FOMC meeting will decide whether to raise interest rates. Based on previous patterns, it seems quite difficult, so a false breakout cannot be ruled out.

Bitcoin

The 4-hour ascending channel has not been broken, and the rebound is also under pressure, so we need to pay attention to whether it is a true breakout or a false one. If the second rebound truly breaks and holds above 0.618, there is a chance to challenge 100000.

The daily chart and the breakout at 32000 are similar to last October, so we can only consider buying back if it falls back to the lower boundary of the channel.

Support: 93300—95000—96000

Resistance: 98000—100000

Ethereum

The narrow range oscillation has lasted for two weeks, with a rebound target of 2100—2300. The longer the narrow range oscillation lasts, the greater the accumulation of strength. The strategy for Ethereum is to buy low around 1730—1750.

In terms of altcoins, I am still quite optimistic about STX, LTC, BNB…

If you like my views, please like, comment, and share. Let's navigate through the bull and bear markets together!!!

The article is time-sensitive and for reference only, updated in real-time.

Focusing on K-line technical research, sharing global investment opportunities. Public account: BTC Trading Prince Fusu

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