Monday Afternoon Bitcoin and Ethereum Market Analysis
In the morning session, Bitcoin and Ethereum initially rose and then fell. After a round of highs, Bitcoin entered a high-level consolidation phase on the hourly chart, but overall, the trend is still upward in a step-like manner, and there has not been excessive volume from the bears. From the overall rhythm, after accumulation and washout, there is still a chance to break through the resistance at the high point. Ethereum shows signs of being precarious, but it remains strong because, although the price is high, the indicators have basically been digested, which means that if it pulls back, it won't fall much. This wave may create a false short signal, so it's advisable to hold off on shorting and wait for a pullback to continue going long. This afternoon, maintain a bullish perspective!
Trading Suggestions
Go long on Bitcoin around 103000 - 103500, target 106000.
Go long on Ethereum around 2470 - 2490, target 2570.
