Reviewing the midday market trends, Bitcoin has generally shown a one-sided upward trend this afternoon, currently facing resistance around the high of 106,777. Ethereum's price has shown a step-like increase, breaking through the 2,600 mark and reaching a high of 2,620. We mentioned earlier this morning that a pullback is not the beginning of a trend change, but rather a confirmation of bottom support for the bulls' accumulation. The bullish mindset we provided this morning indicates that both Bitcoin and Ethereum are showing a one-sided upward trend this afternoon, experiencing a pullback after reaching the highs. The bullish momentum is strong, with no deep corrections observed, indicating sustained buying in the market. Ethereum's trend is steady, and after breaking key resistance, it has turned into support. The 4-hour chart shows the moving averages in a bullish arrangement, with a MACD golden cross and expanding histogram, while the RSI is in the overbought zone. The 'pullback accumulation' we suggested this morning has been validated, and after confirming the bottom support, the bulls are gaining strength. If the price stabilizes in the 105,000-105,500 range, it can be seen as a second long opportunity. Ethereum's 1-hour chart has formed an ascending channel, with the Bollinger Bands opening upwards. The KDJ is showing signs of fatigue at a high level but has not diverged. In the step-like rise, each pullback has been quickly supported by buying, and short-term attention can be given to the 2,580-2,600 support zone for a staggered long position.
Suggestions for Monday afternoon:
Bitcoin: Aggressive: Short at the current price of 106,500 with a light position (stop loss at 107,200), target at 105,500.
Conservative: Long at the pullback of 105,200-105,500 (stop loss at 104,500), target at 107,000-108,000.
Ethereum: Enter around 2,600 (stop loss at 2,570), target at 2,650-2,680.