Midnight Bitcoin and Ethereum Market Analysis and Daily Summary on Monday
The market is nearing its end today. During the early hours, Bitcoin dipped below 104500 and quickly rebounded, subsequently forming a fluctuating upward structure. After successfully breaking through the 106500 level, the market experienced a prolonged period of consolidation. In the evening, the price further rose and broke through the 107500 level, currently oscillating around this level. Ethereum's trend is highly synchronized with Bitcoin, rebounding after testing 2490 in the early hours and fluctuating upward, reaching a peak of 2556 in the evening before a slight pullback.
Today's strategy mainly revolves around the critical watershed of 106500.
After the price effectively broke through and stabilized above this level, we promptly shifted our short-term strategy from bearish to bullish, accurately capturing the trend reversal point and avoiding potential losses, ultimately achieving a perfect record of all wins in today’s trading.
From a daily perspective, the price successfully broke through and stands above the middle band of the Bollinger Bands, with bulls showing strong continuation. Although the overall pattern remains a wide range of fluctuations, after stabilizing above 106500, the short-term market is clearly dominated by bulls, opening up upward space. On the four-hour level, after the price broke through the upper band of the Bollinger Bands, it did not experience a rapid surge but steadily oscillated upward along the upper band. This indicates that the current bullish momentum is being released relatively restrained, suggesting that subsequent upward movement may be steady rather than abrupt. In terms of technical indicators, with increasing volume, all indicators are showing a bullish arrangement and maintaining an upward trend. The upper band of the Bollinger Bands continues to open upward, clearly confirming a strong bullish pattern in the short term, and the upward trend is expected to continue. Based on the current strong bullish technical formation, short-term operations will continue to firmly execute the previous bullish outlook.
Trading Suggestions:
Bitcoin around 107500, continue to look upward to 108500,
Ethereum around 2620, continue to look upward to 2700.
