$ETH

Behind this wave of price increases is the periodic relief of trade frictions between China and the US, the shift in expectations of Federal Reserve policy towards easing, and the resonance of multiple factors, such as the expansion of global money supply. Currently, market sentiment is still fermenting, with the price of Bitcoin reaching a peak and then maintaining a consolidation at a high level. On the short-term 4-hour chart, the price does not allow for any pullback action, advancing in a volatile upward trend. All moving averages and auxiliary indicators are signaling bullish, the trend structure is very clear, an upward trend. Therefore, in terms of operations, we will continue to follow the trend! Friends who entered long at 93000 this morning may reduce their positions and continue holding. We are still paying attention to the area of 94500-95000 above.