After consolidating around 100,400 in the afternoon, with the release of news in the afternoon, the US and China reached a resolution to directly halt the tariff war. This wave of super positive news successfully boosted the coin price, pulling it up to around 100,580 before starting to pull back, and it has now retreated to around 100,440.
From the one-hour technical indicators of Bitcoin's trend, the Bollinger Bands show that the price is in a strong range between the middle and upper bands, and the opening is slightly expanding, suggesting that the upward space may further expand; the KDJ indicator's three lines are tending towards a golden cross near the oversold area, indicating that bullish strength is accumulating; the MACD indicator shows that the DIF line is above the DEA line, and the histogram is above the zero axis, with bullish momentum continuously being released. At the same time, the recent low points of the price to the current trend also reflect that the bulls have certain support and driving force, overall releasing a slightly bullish signal.
Bitcoin strategy: Long around 104,000-104,300, target 105,500
Ethereum strategy: Long around 2,530-2,550, target 2,600
