This morning's market showed a typical bullish momentum, with prices initially rising to touch 94870 before experiencing a technical pullback. However, the market's buying force remained strong, and prices built support around 93800. This critical secondary bottom position also provided an excellent entry opportunity, and subsequently, the market unfolded a second wave of upward movement as expected, ultimately breaking through to the 95170 level, perfectly illustrating the classic bullish trend of 're-testing confirmation before breaking through.' Meanwhile, Ethereum maintained a range-bound oscillation pattern, with a notable tug-of-war between bulls and bears in the 1830-1800 range.
From a daily perspective, the current market is still operating steadily between the upper and middle bands of the Bollinger Bands, displaying a clear range-bound oscillation pattern. Looking at the 4-hour level chart, a standard inverted hammer pattern is prominently visible. Previously, prices experienced a series of three consecutive bearish candles; however, the long upper shadow of the inverted hammer indicates that the bearish force is showing signs of fatigue, while the body closing at a high suggests that the bulls are accumulating energy for a counterattack. The market is making ample preparations for subsequent bullish recovery.
14123407413 Bitcoin: Buy near 93000-94000, short-term target 95000-96000
74119938312 Ethereum: Buy near 1750-1800, short-term target 1880