Bitcoin daily chart breaks through the 90600 resistance level, but don’t get too excited yet—momentum is clearly waning. The MACD red bars are shortening, RSI has fallen back from overbought to 54.66, and market sentiment has shifted from euphoric to somewhat indifferent. On the moving averages, EMA7 and EMA30 remain in a bullish alignment, with the price currently testing the EMA7 support repeatedly.
Overall, the bulls are not dead, but it will take time to digest this wave of gains. Currently, the price is oscillating within the 88000-93000 range, waiting for a clearer direction. Consider buying on dips near support, but be cautious near resistance—avoid blindly chasing highs.
Regarding specific trading strategies, there are two approaches for Bitcoin: if the price continues testing resistance, consider short positions at 91200-90200, with a stop-loss above 92200, and targets at 89150-88350; if a rebound hits a bottom, consider long positions at 88450-89350, with a stop-loss below 87400, and targets at 90150-91050. Ethereum follows a similar logic: short at 3155-3115 (stop-loss above 3205, target 3055-3015), long at 3005-3045 (stop-loss below 2975, target 3095-3145).
For now, the same advice applies: wait until the trend is clearly confirmed before taking action—don’t be swayed by short-term noise.