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1.7 Morning Bitcoin and Ethereum Trading Suggestions and Direction Sharing
From the current market situation, the 1-hour chart shows that after a dip and retest in the early morning, a rebound and upward trend began. Currently trading near 93,000, the overall price remains below the midline. The strong buying characteristic is obvious, and in the short-term bullish and bearish battle, the bulls hold the advantage. The overall approach should be to treat it as oscillating with a slight bullish bias, flexibly responding to market fluctuations. Since the price has broken through the previous resistance level and the three upward tracks continue to rise, the upward channel has opened. Additionally, recent trading volume has significantly increased compared to the previous hours, with price and volume rising in tandem, indicating active market activity and strong upward momentum. Therefore, Zhao Laozhou's early morning trading advice remains to focus on buying on dips.
For Bitcoin, consider buying near 93,000 to 92,500, with attention to 94,500 (stop loss set at the lower band).
For Ethereum, consider buying near 3,260 to 3,230, with attention to 3,340.