After Bitcoin's price once again surged to around 85534 on Monday afternoon and faced resistance, the price has slightly retraced into a consolidation phase, currently running around 84500. The strategy we provided for entering long positions during the retracement is now viable. As for Ethereum, it faced resistance at the high of 1659 this afternoon and has retraced to a low of 1613.

From the four-hour price perspective, the current market has not shown a downward trend as it falls below the midline; instead, there are signs of stabilization. The Bollinger Bands are contracting, indicating that volatility will build up here to establish a trend rhythm. Currently, there are frequent changes in small bullish and bearish candles; we just need to be patient and wait. From the hourly level, the midline has been broken, and a rebound is inevitable. In the afternoon, we will participate in low long positions and focus on the rebound.

Operation Suggestion

Long Bitcoin near 84000 with a target of 86500

Long Ethereum near 1600 with a target of 1670#巨鲸动向