The overall market trend during the day is quite tense, with the main rhythm centered around volatile operations, moving slowly. The significant surge in the early morning has led to a consolidation and correction phase throughout the day, with Bitcoin oscillating in the range of 81000-83000. As for Ethereum, it tends to show a slow downward trend, with the price ratio gradually declining and Ethereum appearing relatively sluggish. It is expected that the overall market will pick up in the evening. Unless there are significant negative news, we are more optimistic about the bulls.

From the current structure, it can be analyzed that the entire market has digested the upward momentum, gradually entering a correction phase within a small cycle. Therefore, the subsequent period can be understood as a time for the bulls to exert their strength. In the hourly structure, the bullish strength is becoming increasingly evident. Regardless of how deep the pullback is, the bulls can still recover strongly, and the momentum for accumulation is becoming stronger. Currently, the market shows a state of oscillation and correction; after a large price movement, it is normal for the market to undergo a repair. As the bottom support strengthens, the upward pressure will gradually weaken. Thus, the strategy remains unchanged, focusing on the strength of the pullback first. We will still maintain a bullish outlook for the evening. Cautious investors may also pay attention to the release of CPI in the evening before participating.

Trading Suggestions

Go long on Bitcoin at 80500-81000 with a target of 84500.

Go long on Ethereum around 1570 with a target of 1670#加密市场反弹 .