Yesterday, after a brief divergence in the trends of Bitcoin and Ethereum, they resumed synchronized movement in the evening.
From the daily chart of Bitcoin, the moving averages are arranged in a manner resembling an alligator's mouth, further reinforcing the bullish trend, and the possibility of an upward breakout continues to increase.
The pullback last night halted after hitting $93,500, with a prolonged high-level consolidation digesting the pressure, achieving a 'horizontal movement instead of a decline'.
The current 4-hour trend is validating yesterday's analysis expectations, but it should be noted that yesterday's deductions were aimed at scenarios where the breakout failed to stabilize effectively.
Based on the current trend judgment, the upward wave pattern on the 4-hour level has not yet ended.
Ethereum's movement closely follows Bitcoin; once Bitcoin rises, Ethereum is likely to follow suit. In addition, established mainstream altcoins are also showing signs of rebound, which is worth close attention.
