In the market within #以太坊领涨 #比特币反攻99K #币安将上市ACX、ORCA days, Bitcoin has been in a slow upward recovery process since the spike, peaking at around 99592, demonstrating a certain recovery strength. Ethereum started to recover from the morning low of around 3765 and strongly broke through to a high of around 4046 in the evening. Old Zhang's thoughts for the day were all accurately validated. In the morning, the Bitcoin long position was entered at 95900 and exited at 98800, successfully capturing a space of 2900 points. The Ethereum long position was entered at 3790 and exited at 3995, also gaining a space of 205 points.
From the daily trend observation, the K-line formed a spiral pattern, and its lower shadow line just retraced to the rising MA30. This action brought the price back into a consolidation structure, primarily serving to clear high-leverage contract positions. However, it is worth noting that this adjustment does not affect the larger bullish pattern, and the overall bullish trend remains good. Analyzing from the hourly perspective, the overnight pullback has led the short-term structure to lean towards bearish. The previous high-level consolidation area has created a certain degree of resistance to the subsequent rise. In this case, without successfully completing a breakout, the strategy mainly involves taking pullback longs in conjunction with large-level support.
Bitcoin: Short-term target of 100000 near 98000-98500
Ethereum: Short-term target of 4100 near 3840-3970