Morning Analysis

Bitcoin 4-hour cycle: dips to 89,300 and stabilizes to rebound, with the lows rising, forming a oscillating upward structure. It stands firmly above the EMA short- and medium-term moving averages, with a bullish arrangement beginning to appear, indicating a bullish trend; the rebound volume continues to expand, with bullish volume significantly stronger than bearish volume. Capital actively enters the market, and the upward movement is driven by genuine buying pressure, confirming the trend's validity.
The Bollinger Bands are opening upward, with the price staying firmly within the middle and upper bands. Pullbacks to the middle band are strongly supported; MACD is operating above the zero line, with no divergence in volume bars. Bullish momentum continues, and short-term corrections are strong consolidations rather than trend reversals.
Above, the 92,500-93,000 zone is a dense trading pressure area for previous highs, combined with Bollinger upper band resistance. A volume breakout would open up upward space, while insufficient volume may lead to high-level oscillation digestion.
Trading Strategy:
Consider long positions around 90,200-90,700, targeting 92,200-92,700.
For altcoins like Ethereum, consider long positions around 3,040-3,070, targeting 3,140-3,170.