The market trend over the next two days is mainly characterized by horizontal consolidation within a range. Bitcoin surged to the 110,653 level in the morning, but saw a pullback during the afternoon, albeit with weak momentum, slowly declining. The intraday low reached around 109,010 before stopping, and the current price has warmed up again to around 109,796. Ethereum's price surged strongly again in the afternoon, reaching a peak of around 2,793. The price of Ether has also gained momentum, consistently breaking through.

Overall, the market is forming a technical structure of oscillating upward movement, with support levels continuously rising and the upward trend becoming increasingly solid. With continuous breakthroughs of key resistance levels, the crypto market has officially entered a mini bull market phase. Bitcoin successfully broke through the previous downward channel resistance and has risen above the 110,000 mark, with market expectations heating up for it to hit historic highs. Ethereum closely follows, successfully returning to a bullish trend. In the short term, there is continuous oscillation at four small high levels, with alternating bullish and bearish movements, and limited pullback space, remaining in a strong bullish trend.

Trading Suggestions

Go long around 109,000 for Bitcoin. Target 111,000.

Go long around 2,750 for Ethereum. Target 283,017,145,589,898.