The evening market once surged high, which aligns with our idea of pulling back to buy more. This morning, Bitcoin rebounded to the high point around 107200, facing resistance, and the pressure above continues to refresh. The trend remains dominated by bulls, while Ethereum pulled back to the low point around 2438, stabilized, and then rebounded to the high point around 2547. So, in the evening, we suggested a buying strategy; has everyone been focused on this bullish approach?
From the current market perspective, Bitcoin's daily chart shows a single bullish candle breaking through the recent high with strong momentum. The bullish trend continues to maintain a step-like upward rhythm. Although there was a brief pullback, it was merely a technical correction, which can still be viewed as a buildup for the next upward move. The four-hour structure shows a series of continuous large bullish candles, and the solid bullish bars indicate high market sentiment. The Bollinger Bands are opening upwards, touching the upper band and forming a pullback. A double top structure is continuously forming above, so the pressure will eventually be broken. Meanwhile, the support below is moving up with the price increase, and currently, the support level of 105000 is a crucial dividing line. As the upward momentum slows, it is normal for a pullback to occur. This afternoon, we will continue to maintain the strategy of pulling back to buy more and look for a breakout of the pressure above.
Bitcoin can be bought in the range of 105300-105800, targeting around 108000. Ethereum can be bought in the range of 2470-2500, looking at around 2600. #比特币 $BTC