Bitcoin continued its correction this morning, rebounding after touching the 96,000 level, and is currently fluctuating around 96,300. According to market data, the morning gains have been recovered, and upward pressure has eased somewhat.
From a technical perspective, Bitcoin's short-term key resistance is in the 96,500-97,000 range. If it faces resistance here, support should be watched around the 95,500-94,500 critical zone.
As for Ethereum, it is performing similarly, currently fluctuating around 3,330-3,350. There is clear resistance above; a break above 3,350 would be a good long opportunity. Conversely, if it pulls back, caution should be exercised around the 3,080-3,040 support zone, as losing this area could trigger a deeper correction.
Overall, today is mainly a range-bound movement, and waiting patiently for a breakout signal is the more prudent approach.
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MEVVictimAlliance
· 6h ago
Still dithering around 96300, when will it break 97000?
Another range-bound movement? Fine, I'll wait for it to drop so I can catch the falling knife.
Ether can't break 3350, feels like the tug-of-war will continue.
It's really just range-bound until dawn, I'm already asleep through this market.
The resistance levels are all set here, just see who admits defeat first.
If 94500 really breaks, we need to be prepared.
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LiquidationHunter
· 6h ago
Is this the same old script of range-bound fluctuations again? If 96,500 can't be broken, do we really have to drop?
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Waiting for a breakout signal sounds simple, but in reality, it's the easiest to get trapped...
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Breaking 3350 on Ethereum seems quite challenging; it's safer to stay at 3080.
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This morning, I saw it still hovering around 96,300. This move is pointless.
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Where's the promised breakout? It feels like it will just range until nightfall.
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Can that 3040 defense line really hold? I have my doubts.
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Bitcoin's resistance is so obvious; it's more reliable to stay on the sidelines.
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TokenCreatorOP
· 6h ago
96,000 has been hit again, this repeated pattern is really annoying.
Friction within the range, let's wait for a breakout, no rush.
Can 3,350 break? Feels like resistance is very strong, not bottoming out now.
If I can't hold the line at 94,500, I'll just bottom out directly and take a gamble.
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TradFiRefugee
· 6h ago
Range-bound fluctuations are back again, so annoying waiting for a breakout.
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FromMinerToFarmer
· 6h ago
It's starting to repeat again. Looking at this market, we still need to be patient and wait. If it can't break through 96,500-97,000, it's going to be a cold day.
Bitcoin continued its correction this morning, rebounding after touching the 96,000 level, and is currently fluctuating around 96,300. According to market data, the morning gains have been recovered, and upward pressure has eased somewhat.
From a technical perspective, Bitcoin's short-term key resistance is in the 96,500-97,000 range. If it faces resistance here, support should be watched around the 95,500-94,500 critical zone.
As for Ethereum, it is performing similarly, currently fluctuating around 3,330-3,350. There is clear resistance above; a break above 3,350 would be a good long opportunity. Conversely, if it pulls back, caution should be exercised around the 3,080-3,040 support zone, as losing this area could trigger a deeper correction.
Overall, today is mainly a range-bound movement, and waiting patiently for a breakout signal is the more prudent approach.