#ETH走势分析 Bitcoin’s movement this afternoon is quite interesting.

The price is currently consolidating in the $93,800 to $94,200 range, up 6.4% in 24 hours. Market sentiment has clearly improved, partly due to expectations of a rate cut and partly because institutions are continuously buying through ETFs, providing a price floor.

Looking at the daily chart, a piercing pattern has appeared, which is typically a bullish signal. Next, the key is to see if it can hold above $94,500, and trading volume needs to keep up as well.

Personally, I think there’s a high probability of breaking through the $95,000 to $96,000 liquidity wall. If things go smoothly, $98,500 is not out of reach. If there’s a pullback, the $92,800 to $93,200 range is a good area to buy the dip. As long as the $93,000 support holds, the upward trend remains intact.

Of course, this is just a technical analysis. Specific actions should be based on your own risk tolerance.