Observing the Bitcoin market from the four-hour level, the market is currently hovering around the upper Bollinger Band, indicating a short-term high-level adjustment phase. This fluctuation is not a trend reversal signal; the strong momentum is pushing Bitcoin upward. Moving forward, we will continue to maintain a bullish outlook, and to be conservative, we will wait for a pullback before making further bullish entries.

Bitcoin is favored around 114500-114000, with a target looking towards 115600-116000. For the medium to long term, we can aim for 117000-118000.

Ethereum is favored around 4620-4660, with a target looking towards 4780-4800. For the medium to long term, we can aim for 4900-5000.