The afternoon price comparison has been continuously rising, with a slight recovery during noon and a pullback touching the 101102 line before starting to rebound. Currently, the price comparison has gradually risen to around 104000. Ethereum is moving similarly to Bitcoin, experiencing a pullback in the afternoon before the price comparison rises as expected. The bullish strategy we provided in the afternoon successfully captured a space of over 3000 points.
From the current daily trend analysis, the bullish momentum is strong, driving the market to continue rising. After the surge, the market underwent a slight adjustment, followed by a continued upward trend. Currently, the extent of the pullback after the surge is limited, and the market is consolidating at high levels, with the overall structure still leaning towards the bulls. It is worth mentioning that the upward trend on the 4-hour chart is significant, with both moving averages and Bollinger Bands showing an upward trend, making it difficult for bears to find opportunities in the short term. In such a strong market structure, we recommend continuing to adopt a low-position bullish strategy.
Operational Suggestions
Go long on Bitcoin at 102500-103000 with a target of 106000.
Go long on Ethereum around 3270 with a target of 3400.
