The short squeeze rally is here!
The morning market arrived as expected, with Bitcoin oscillating and adjusting around 97000. After a surge, Bitcoin successfully broke through 98000; Ethereum rose to a high of 1836 before pulling back. Currently, both are still exploring upward peaks. On the Silk Road layout, we accurately positioned ourselves for a long entry around 97200.
Currently, the coin price maintains a high-level oscillation, and the technical indicators also show a comprehensive upward trend, typical of a short squeeze rally. In the short term, we still need to look for some pullback space before continuing to buy more. The first target is around 99500, and for Ethereum, it’s 1880.
