The enthusiasm for the cryptocurrency market has surged in the early morning, with Bitcoin showing a strong upward trend, continuously breaking through key resistance levels. After breaking through the 109,000 mark with a strong bullish candlestick, it quickly approached the 110,000 integer mark. Ethereum has also risen sharply, with prices quickly climbing to around 2690. This strong breakout has brought Bitcoin back to the '110,000 threshold', and there is currently some room for a pullback, which is a normal market fluctuation.
From a technical analysis perspective, Bitcoin's trend is extending from the hourly level to the daily level, where a strong and distinct bullish candlestick has formed. At the four-hour level, the candlestick has significantly broken through the upper Bollinger Band, becoming a signal for market guidance; at the hourly level, the three lines of the Bollinger Band are diverging upwards, indicating a sustained bullish trend. The market is currently in a phase of consolidation and accumulation. Based on the morning's trend, it is recommended to pay attention to bullish opportunities after a pullback.
Bitcoin: 109800-109500 bullish towards 111000-111500
Ethereum: 2680-2660 bullish, targeting 2730-2750
