From the daily chart, we can see that after the last increase rose from the 74400 level to above 82000, it consolidated in the 82000-86000 range for nearly 9 days before rising again to the 92000 level. As of now, the price of Bitcoin has been consolidating again in the 9200-9600 range for nearly 8 days. In the short term, the price is still fluctuating within this range. As I mentioned in the afternoon, under this generally bullish trend, one should be cautious about shorting. After a long period of sideways movement, unexpected events are bound to occur. Even if capturing short-term pullback space, it is essential to set stop-loss! The medium-term support is still relatively strong, and the upward pressure in the market has significantly weakened in the short term, with the space also contracting. From the current pattern, the probability of a continued upward breakout is increasing. If the price breaks above 95500 and stabilizes, the next target will be in the 98000-100000 range. Additionally, for short-term operations, remember to manage risks well!
In terms of Ethereum, the price has been trying to stabilize at the 1800 mark. We can see that multiple retests of the low points have been rising, and the rebound peaks are gradually testing higher. Although the space is not large, the overall trend is still in a bullish consolidation pattern. Currently, the short-term support below is also quite solid. However, if the bulls start to exert force, the price is expected to launch an attack towards the 2000 mark!
