The early morning price comparison continued the rhythm of the evening. Bitcoin steadily rose from the 103,500 line, reaching a peak around 104,949. Although it faced selling pressure and fell back from the high, the overall structure remains strong. Ethereum was even more aggressive, soaring directly to 2738, setting a recent new high. Although there have been some pullbacks, they were not deep, and the high-level consolidation adjustment is still quite evident.
From the current trend, most of the previous pullback space has been recaptured. However, the resistance above Bitcoin at 105,000 remains significant, making it somewhat challenging to push through in one go. On the four-hour chart, it has formed a standard V-shaped rebound. The bullish candles are clear and decisive, but the Bollinger Bands have not fully opened up yet, indicating that the momentum before a breakout has not been seen, so caution is warranted for high-level fluctuations. On the hourly chart, after Bitcoin peaked, it began to pull back, and short-term indicators are showing signs of weakening, suggesting that the pressure at 105,000 is not unfounded. However, the support below is gradually moving up, providing limited pullback space, leading to a generally bullish outlook amidst short-term fluctuations.
Continue to hold long positions near 103,000-103,500 for Bitcoin, with an initial target of 105,000 and further upward potential after breaking through. For Ethereum, enter long positions around 2650-2660, with an initial target of 2750. #CPI数据来袭 #加密圆桌会议要点 #Strategy增持比特币