The intraday market has ended, taking over the strong performance from the early morning. The market has shown a fluctuating upward trend, and although there was a pullback in the afternoon, it also held the key position of 106000. In the evening, influenced by the fundamentals (poor stock opening and optimistic expectations), Bitcoin experienced another rise to the high point of 109430 (continuously breaking new highs). Ethereum first synchronized upward to 2580 in the evening before quickly retracing, but has now resumed its upward trend. The overall trend is evident.
In terms of overall structure, after probing the bottom around 70000, it has shown a fluctuating upward movement, with rapid rises following adjustments. The structural trend is stable and clear, with the daily line showing clear support at the 103000 level.
There will be no excessive analysis of the short-term trend. After a rapid rise, the technical indicators are all pointing upward. Currently, Bitcoin is maintaining a fluctuating consolidation near the 109000 level, showing a slow upward trend, but the space for pullbacks is also limited, and it hasn't caused a substantial impact on the key points below. In the short term, pay attention to the 108000 level below, forming a break and returning to fluctuating adjustments.
For future strategies, consider buying Bitcoin near 109000, targeting 115000. For Ethereum, consider buying near 2550, targeting 2800.
Both targets have stages; recognize the market and also recognize yourself. Make reasonable judgments on the short-term positions!
