Cryptocurrency Market Analysis, Bullish Return
Early this morning, Bitcoin finally broke through $101,000, with a 24-hour increase of 4%, and further stabilized at $104,000, marking the achievement of this critical breakthrough.
Ethereum (ETH) rose 22% in a single day, with prices breaking through $2,200, as the cryptocurrency market craze sweeps the globe.
In the first half of 2025, the cryptocurrency market experienced ups and downs, with Bitcoin's market share hitting a historical high, while the Trump administration's policy swings, macroeconomic fluctuations, and market confidence fluctuations added drama to this wave of price increases.
On the daily chart, the Bollinger Bands are opening upwards, with multiple consecutive daily candlesticks in the green. Currently, the coin price is at a three-month high. Although there is heavy selling pressure above, the upward channel is relatively good, and the overall direction remains bullish after a correction.
If the price can stabilize at the $100,000 mark, there will be further upward potential.
On the short-term hourly chart, the market has repaired and broken through the upper line of the Bollinger Bands, with bullish sentiment reviving. The short-term situation has improved somewhat, but there is a chance for a pullback, which is not expected to be significant. Overall, it is recommended to go long after a pullback and to hold light short positions at high levels.
