Today, Bitcoin has made two strong upward movements on the hourly chart. After breaking through key resistance for the first time in the morning, it quickly surged, and in the afternoon, it pushed up again, refreshing the intraday high. We have continuously suggested a low-long strategy throughout the day, gradually entering long positions in the pullback support area, accurately capturing the two rounds of upward movement. The market shows a stepped breakout with increasing volume, and short-term bullish sentiment is dominant, allowing followers to smoothly realize profits.

The current price is approaching a dense pressure zone above, and short-term caution is advised for technical pullbacks. Although the trend has not yet turned bearish, the volume has decreased after consecutive surges, and the MACD momentum bars show signs of contraction, indicating a potential top divergence risk on the hourly level. If the price cannot stabilize above the previous high, it may retest the support area below for confirmation. In terms of operations, it is advisable to avoid blindly chasing gains and patiently wait for low-buying opportunities after a pullback, while short-term long positions can be appropriately reduced to protect profits. After key support stabilizes, the mid-term view remains slightly bullish with a fluctuation approach.

BTC 88200 short, target down to 86800

ETH 1640 short, target down to 1580