The overall daily trend has also been a rise followed by a pullback. The price comparison in the early morning once again tested the 95500 line, and after being pressured from above, although a breakout did not form, the continuous rise of the lower lows indicates that the bulls still hold the dominant advantage. A breakout is also expected soon. Today's overall operation still focuses on doing more, and the quick in-and-out from the early morning provided us with nearly 1000 points of space. Subsequently, the morning also again suggested doing more, and in the evening, we successfully secured 800 points. Although there was a small dip of around 300 points afterward, the overall daily performance again gained over 2000 points, with Ethereum giving us 80 points of space. Recently, there have been many daily trades, so having dips is within a normal range, especially since the space is not large, and it is not worth mentioning for daily traders; we still need to look at the overall trading situation.
The daily line relies on the short-term moving averages to show an upward trend, while the weekly line continues to form a series of bullish candles with increased volume, indicating a strong mid-term upward trend. Therefore, short-term operations this week will still focus on pulling back to buy. The 4-hour chart relies on the middle track of the Bollinger Bands to form a bullish lifeline, showing a trend of pullback and rise. Yesterday's closing saw a quick dip below the middle track followed by a rapid recovery; the dip was to allow the bulls to correct and prepare for further rises. The closing quickly recovered lost ground. This week, the opening remains at a high position, with the previous pullback low of 92700 being an important support point. After a series of pullbacks on the hourly chart, there is also a rebound. The pullback has limited space, and the price comparison has once again returned to around 94000. If it can stabilize at this position, there will still be a rise in the future; conversely, if the closing in the next two days falls below this point, the short-term will turn weaker. The subsequent short-term focus will need to be on the rotation between bulls and bears.
At midnight, the big deal is to directly buy around 93800-93500, initially looking at 95500. For Ethereum, directly buy around 1760-1740, with an upward target of 1880. $BTC