Bitcoin stands above 103,000 aiming for 110,000! The bulls will continue.

In the past two days, after breaking through 98,000, the market has accelerated to the current high of 104,200, only 5,000 points away from our target of 109,000. The speed of this upward movement is indeed impressive, with Ethereum surging more than 50% in just two days, breaking through 2020 and continuing to the current high of 2,490. Now we just wait for 109,000.

In the last 12 hours, significant transactions show that the main force bought 94.71 million, sold 72.22 million, with a net inflow of 22.48 million, showing a clear bullish tendency. However, the latest 2-hour candlestick pattern has formed a top, and the KDJ indicator has entered the overbought zone, suggesting the rebound may be nearing its end. Although large market buy orders dominate, we need to be wary of short-term profit-taking risks. The current price still firmly holds above the EMA24 and EMA52 moving averages, with a medium- to long-term trend leaning strong. However, trading volume has shrunk to an average level of 48%, indicating weakened market interest, and the price faces correction pressure.

Operational suggestions:

BTC buy at 101,000, first target 102,500, second target 103,500

ETH buy at 2,160, first target 2,260, second target 2,360