The probability of Bitcoin hitting a new high is high, Ethereum is still bullish after a pullback.

Bitcoin did not pull back last night and surged to around 118,700 today, indicating that the 4-hour upward trend may not just reach a high point, but is more likely to set a new high. However, the short-term 1-hour upward structure is nearly complete, and a pullback is likely, which also presents an opportunity to position for long trades again. It is expected to break 120,000 after next Tuesday, with a target of 126,000.

In the short term, if it can touch 120,000, it can rise again after a pullback; if it falls below 117,000, it may first pull back to around 115,000 before pushing above 123,000.

The rise of Ethereum is not over yet. Tomorrow there may be a 1-hour pullback to around 4,000, which is also a buying opportunity, and after that, it is expected to surge towards 4,800. If it can reach 4,400 and then pull back on the 15-minute level, that would be even better. If it falls below 4,150, the probability of a pullback increases, but pullbacks are all for the purpose of continuing to rise.

All timeframes are trending upwards: weekly and daily targets remain unchanged; 4-hour, 1-hour, and 15-minute trends are overall bullish, and after a short-term pullback, there is still potential for new highs. $BTC $ETH $SOL #ETH走势分析