Last night, the market broke through to above 99000. As Old Zhang had anticipated, it then retraced to the low point around 98550. After this, it made another push upward, climbing all the way to the high point around 100658. Ethereum also continued its bullish trend, advancing steadily to a high point around 3472. Currently, both are in a phase of pullback and correction.
Analyzing the current trend, on the 4-hour timeframe, we can see that the Bollinger Bands have begun to open upwards. After the market rose, it broke through the upper band, and the MACD moving average continues to extend upwards. Throughout this period of continuous and uninterrupted upward movement, the bullish side has consistently maintained a situation of increasing volume. Currently, there has been no indication of a sharp decline, and it is in a slight pullback correction, with the direction remaining unchanged.
Bitcoin: Around 99000-99400 is a good buy, short-term target 100500.
Ethereum: Around 3380-3410 is a good buy, short-term target 3500.
