$BTC $ETH From the current market perspective, the overall trend shows a slowdown in upward momentum, experiencing a wave of high and low corrections. However, the daily line still closes with a bullish candle, indicating a clear bullish trend.
On the four-hour level, the one-sided upward momentum has weakened, entering a short-term pullback phase. After repeatedly breaking short-term highs, a short-term top has formed, followed by another push higher. The short-term fluctuations are rapid, and the volatility base has increased.
On the hourly level, yesterday's breakout high and this morning's pullback low have formed an overlap, temporarily creating minor support. If this position successfully establishes a bottom, the future bullish trend and rhythm are expected to continue. Today, we maintain a bullish outlook; after forming a new high on the rise, we should prevent a pullback. It is advisable to observe the market behavior first; if the pullback is not significant, we can directly follow the trend and go long.
Monday noon price for Bitcoin: 118000-117500 Long, target focus on 119500; Ethereum: 3725-3700 Long, target focus on 3850.
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