Morning Analysis

From the four-hour cycle, although there was a significant pullback to the middle band of the Bollinger Bands with a large bearish candle, it did not form an effective breakdown and still falls within the category of a technical correction. After gaining support near the middle band, the price entered a consolidation mode, and the overall progress of building the upward channel was not affected. It is worth noting that the lows of previous pullbacks have shown a gradual upward trend, demonstrating that the bulls are patiently accumulating strength. This step-like rising structure usually indicates that once the price effectively breaks through the previous high resistance level, it is likely to officially start a new round of trend-based increases.
Operational Suggestions
Long positions should be arranged near 88200-88700, with targets around 90200-90700.
Place long positions near 2910-2940, target around 3010-3040 #BTC #ETH