$BTC $ETH
The morning market surged to a high of 117500, followed by a short-term pullback, dipping to around 115500. Fortunately, the support below showed strong resilience, not giving bears the opportunity to push lower, and the market quickly rebounded from the bottom, not only reclaiming lost ground but also breaking through the previous high, rising to around 118800.
The daily chart for Bitcoin continues to exhibit a series of bullish candles, each carrying substantial aggression, strongly pushing the price with large-bodied candlesticks; Ethereum also displayed a synchronous resonance pattern, momentarily breaking through the upper resistance level, showcasing the momentum of the bulls. For Bitcoin, the current market has completely broken free from the constraints of resistance levels, and with the continuous refresh of historical highs, the term "top" is temporarily irrelevant under the strong bullish pattern, and the short-term upward momentum remains abundant. In the 4-hour cycle, the Bollinger Bands are in a state of significant expansion, with the distance between the price and the middle band support continuing to widen, firmly maintaining itself above the upper band, depicting a unidirectional strong market. Although there were brief pullbacks during this period, each correction became an excellent opportunity for bulls to add positions — this is a typical characteristic of strong consolidation, with bears never able to initiate an effective wave of corrections.
Buy Bitcoin in the range of 117500-117000, target around 120000. Buy Ethereum in the range of 2970-2985, target around 3065.
Strong recovery, asset doubling! Keep following the trend, layout in advance, and easily reap significant profits.
Ongoing attention: FIS M
