The current market presents a high-level oscillation pattern, with prices repeatedly testing near recent highs and failing to form an effective breakthrough in the short term. From a technical perspective, the hourly MA moving average system maintains a bullish arrangement, but the MACD histogram shows a slight decrease in volume, indicating that short-term momentum has weakened and there is certain pullback pressure. However, prices remain firmly above key support areas, with both bulls and bears engaged in a tug-of-war at high levels, and market sentiment tends to be cautious, necessitating attention to the breakout direction of the oscillation range.

The medium-term trend continues to maintain a bullish outlook. Although there is short-term pressure, the capital flow shows a continuous increase in net inflow, indicating that main funds are still positioning for lows. If prices can stabilize above the current support with increased volume, there is hope for another challenge to previous highs. In terms of operations, it is advisable to gradually enter during pullbacks, paying attention to the defensive strength in the dense area of the moving averages below, and to increase positions after a breakthrough above. The overall structure does not show reversal signals, and the probability of continued upward movement after oscillation accumulation is quite large.

Long near BTC 86800, target looking at 88800

Long near ETH 1560, target looking at 1610