Monday has also ended, let's review today's intraday market. This morning, the cryptocurrency price started to face pressure and fell after reaching the high point of 101400, with a relatively large pullback. The intraday minimum pulled back to around 98000. Our bullish idea given in the evening was that the cryptocurrency price once again surged towards the 100,000 mark. The primary high point of 100480 started to face pressure and pull back. This pullback was also a pin-style. The bears saw increased volume, reaching a minimum of 97500. Ethereum followed the trend of Bitcoin, with an evening low touching the 3800 mark.

From the current market perspective, Bitcoin's trend has once again returned to the previous high fluctuation zone. After breaking below 98000, it did not continue the downward trend of the shorts. The intraday drop was just to pull the price up, so it kept fluctuating at the bottom until the evening market began to rise, directly reaching near the previous starting point. However, there is still certain pressure to hit the upper high point, as there have been several attempts to break through 100500 previously without success. Therefore, we temporarily recognize the pressure as valid for this wave of increase and do not expect a breakout. On the 4-hour line, Bitcoin reached a short-term high near 100400. I believe that Bitcoin still needs to go through a pullback first. Here, we do not anticipate a breakout; if it breaks out, we will adjust our strategy based on the trend. Thus, the subsequent strategy can be to wait for a pullback to enter long positions.

Operation Suggestions

Bitcoin can be bought around 97800 with a target of 99500.

Ethereum can be bought around 3820 with a target of 3900.

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