Recently, Bitcoin has been quite volatile, with fluctuations during the day. In the evening, influenced by CPI data, the bulls made a strong effort, and the price surged straight up, reaching a peak of around 99,800. By this morning, the upward trend remains strong, having broken through 100,700, which basically meets our expectations.
From a daily perspective, after the previous medium bearish candle dipped, consecutive bullish candles have rebounded strongly. Technical indicators show that the bulls are dominant, and the probability of a reversal in the short term is low, so we continue to be bullish. The 4-hour chart shows a stable price increase, with almost no pullback, and still indicates strong bullish signals. Focus on the resistance level of 100,800; once broken, the next target may reach 103,000.
Ethereum's trend is basically consistent with Bitcoin, and the operational strategy can be directly copied from Bitcoin.
Operational suggestions:
Long Bitcoin near the pullback to 98,500 - 99,300, targeting 100,800 - 101,500. Long Ethereum near the pullback to 3,350 - 3,420, targeting 3,480 - 3,550.