At the #BTC #ETH 4 hour level, the trend has broken through with a six-day upward streak, forming a step-like ascending structure. Each previous pullback ended with small bearish candles or doji stars, and the pullback magnitude was extremely small, quickly recovered by the upward force, indicating strong support below and outstanding control ability. The current price is stabilized above 117500, with multiple attempts to break through upwards, suggesting a strong willingness to attack new highs. The Bollinger Bands have clearly expanded, and the price has consistently operated near the upper band, which is a typical signal of a strong upward trend, indicating ample upward momentum. In the short term, the price is likely to continue the upward trend along the upper band, further opening up space above. In terms of trading volume, the upward phase is accompanied by a significant increase in volume, with the MA5 and MA10 moving averages diverging upwards, indicating continuous inflow of new capital and strong buying pressure. The effective coordination of volume provides solid support for price increases, avoiding the risk of 'volume-less increases' and reinforcing the sustainability of the upward trend.
Operation Suggestions
For Bitcoin around 117500, the target is first to look at 119000, and if that breaks, continue to look at 120000.
For Ethereum around 2960, the target is first to look at 3050.