In the past two days, the cryptocurrency market has entered a fluctuating pattern, with Bitcoin's price repeatedly hovering in the range of 102000-104000, undergoing repair and consolidation, as the market is brewing a unilateral direction.
From a technical perspective, the 1-hour moving average of Bitcoin shows a golden cross in an upward bullish arrangement, with no signs of reversal. Bullish momentum is still continuing, and during pullbacks, the primary strategy remains to go long, with the current support level moving down to the 101400-101300 area.
In comparison, Ethereum's performance today is relatively weak. After sprinting to a high of 2738 yesterday, it began to retreat and has currently adjusted by 200 points, with support below in the 2518-2528 range.
Investors need to closely monitor the performance of support levels, flexibly adjust strategies in conjunction with technical indicators, and control positions to cope with potential volatility risks.
Operational suggestions:
Go long on Bitcoin at 101500-102000, targeting 104000$BTC
Go long on Ethereum at 2520-2550, targeting 2650$ETH
