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Bitcoin's performance today has been fierce, surging from 94,559 early this morning, breaking through 95,000 and 97,000 successively, with a peak of 97,924 before pulling back to consolidate around 96,800. The 24-hour increase is 1.37%, with a trading volume of 29.1 billion USD providing strong support for the market. Ethereum hasn't been idle either, rising from 3,280 to a peak of 3,402 before consolidating in a narrow range, currently around 3,328. The bullish consensus among mainstream coins remains quite firm.
From a daily chart perspective, the price stays above the EMA20 and EMA30, with the moving averages showing a resonant upward trend. The MACD histogram is expanding, and although the RSI has reached 70.2 and is overbought, there are no signs of bearish divergence, so the bullish trend framework remains solid. The four-hour chart shows a classic "kettle mouth" pattern, with current resistance in the 97,000-98,000 range causing a pullback. This is essentially the bulls preparing for the next assault, gathering energy with full momentum.
In the context of multi-timeframe resonance, the key support levels below are, from top to bottom: 96,302 (daily pivot point), 94,576 (EMA50 convergence point), and 93,617 (Fibonacci retracement level). These levels have all been confirmed by volume. From a trading perspective, the core idea is to use pullbacks to position for long entries.
Specifically, focus on the support performance in the 96,000-95,500 range, followed by the dual support at 94,800-94,300. If these zones are not broken decisively, it’s advisable to buy on dips. The upward targets are sequentially 96,800, 97,300, and 98,000, ultimately aiming for the key psychological level of 99,000-100,000. Pay particular attention to the 94,500 line; as long as it is not effectively broken, you can confidently accumulate on dips.