In the cryptocurrency market, if you take a wrong direction, one mistake can lead to many. Don't be stubborn; if you need to stop, then stop, reorient yourself, and remember that choice is more important than effort. After Bitcoin surged past the 90,000 mark last night, the price did not show a pattern of high and then retreat at midnight, but instead consolidated at a high level, and in the early morning, thanks to some news, it continued to rise strongly, currently reaching a high of 94,142. Ethereum followed suit and is currently at a high of 1,779. The old high remains steadfast in giving a bullish outlook, focusing on medium-term long positions. Bitcoin, which was suggested to enter around 90,700, reached the second take-profit point of 93,500 in the early morning, securing a gain of 2,800 points. Ethereum's long position at 1,698 also followed, with a take-profit near 1,770, netting over 70 points. This bullish movement can be said to have captured the entire range from the head to the tail of the fish, and those who followed have all taken off from the same spot.
On the daily chart, a large bullish candle has formed, with a very full body. On the four-hour chart, the price shows a strong upward trend, and today there is also a sign of continued rise. Although we are currently entering a short-term adjustment and consolidation period, the bulls have successfully reclaimed most of their previous losses and opened up new upward space. In the short term, we will focus on the breakthrough at 95,000. It is expected that after a slight pullback today, the price will continue to rise straight up and may even soar strongly again. In the short cycle, there has been a slight pullback, but the extent of the adjustment is under control. The price is currently in a consolidation and power accumulation phase, with bulls ready to take off. We will first look at the extent of the pullback in the morning and then look to enter long positions later in the day.
On Wednesday, Bitcoin can be bought in the range of 92,000-92,500, with a target focus on 95,000.
Ethereum can be bought near 1,700, with a target focus on 1,800-1,850.
