Good morning friends, last night the price of Bitcoin strongly broke upwards, refreshing the recent high of 109,845, just one step away from the 110,000 mark. Unfortunately, it did not go as we wished at midnight. The price of Bitcoin retraced during the session, reaching a low of 106,117 in the early morning before quickly rebounding. Currently, the price of Bitcoin is once again around 109,000. Ethereum experienced significant fluctuations in the early morning, with a range of over 150 points, indicating considerable volatility. The current price is around 2,530.

From a general market perspective, although it has refreshed recent highs, there has been no continuation or breakthrough. The overall market is relatively stagnant, with multiple tests of the bottom support followed by quick recoveries. However, with the continuous rise of the lows, it is evident that it is still centered around bullishness. The subsequent move will likely give a stronger push upwards, and the current retracement can be seen as a buildup for the next surge. The current situation can be viewed as exchanging time for space, waiting for the market to make its move. For now, we should focus on buying on dips.

Trading Suggestions

Buy Bitcoin around 108,500 with a target of 111,000

Buy Ethereum around 2,520 with a target of 26,201,244,646,241