The market trends in the morning have gradually become clear. After the pull-up in the early morning and morning hours, Bitcoin has gradually entered a phase of oscillation and adjustment. Ethereum has once again shown independence, quietly stretching to a high point of 2244. On the trading platform, we decisively seized this opportunity to take some profits and exit.
Overall, Bitcoin has given nearly 10,000 points of rise in a single day, and the overall trend remains strong.
On the four-hour and hourly charts, the KDJ three lines in the technical indicators have turned downwards, diverging from the K shape and MACD trend, increasing short-term downward pressure. The main focus is whether this pullback can effectively break through the key support level below. If it holds, Bitcoin's strength will remain intact, and after a brief adjustment, it will aim to challenge the previous high. The key level to watch below is around 102000; if it breaks, we need to look at the 100600 level and the critical point.
The positive effects brought by the fundamentals are ultimately time-limited. As their influence fades, the crypto market will gradually return to a trend dominated by supply and demand and technical indicators.
In the short term, we still maintain a bullish outlook, but the upper profit-taking point needs to be lowered. Bitcoin looks at 104000, and Ethereum looks at 2300; if it breaks, we will look for continuity.
