Friday has arrived, the 120,000 level has been firmly broken, the bullish momentum is strong, and it is the right time to go long!
Unknowingly, it is already the last working day of the week. Everyone can rest assured to welcome the weekend—while the market keeps moving, I will be on duty, keeping a close watch on the market without slackening.
Yesterday, Bitcoin staged a good show of first dipping and then rising, strongly returning to the 120,000 level in the early morning. The breakout stands firm, and the signal is clear; today we continue to look bullish in line with the trend. The technical daily chart shows three consecutive bullish candles; remember the familiar saying: consecutive bullish candles indicate strength. The current trend resembles a step-like slow climb of a snail; after a short pullback to gather strength, the bulls are making a comeback with ample upward momentum. The short-term target is initially set at the previous high of the 123,000 area. If it encounters resistance and does not break through, we can then look for opportunities to switch to short positions.
For Bitcoin, it is recommended to establish long positions in the 119,000-119,300 area, with a target of 123,500;
For Ethereum, it is recommended to establish long positions in the 3,510-3,540 area, with a target of 3,750. If the target level is not broken, the strategy to switch to short positions remains unchanged.
$BTC$ETH
