The bull market returns, with bulls celebrating. The price comparison fell back to the 106000 level early in the morning and stabilized. With the strong structure of the bulls, it rebounded all the way to the 111800 high point, ultimately refreshing the previous high and creating an extended space. Ethereum follows the same trend as Bitcoin but remains stuck in the range around the 2600 mark, constantly cycling up and down. The upward potential is not as significant as that of Bitcoin, but there is still a possibility of catching up in the future. Yesterday, Fei Ge provided a bullish outlook around 105000, and I believe that regardless of the entry point, everyone can see considerable results. In such a favorable environment, entering the market is like taking off.

From the current market perspective, Bitcoin maintains a continuous upward trend on the weekly chart, with a strong one-sided structure. Although there are technical corrections, it still provides momentum for a second upward exploration. On the daily chart, the price comparison continues to rise, and after horizontal consolidation, it breaks through the resistance level again. The previous high has also been refreshed, indicating that momentum remains very strong. On the four-hour structure, continuous upward candles form relatively full medium-sized candles, maintaining a trend of oscillating upwards, and the Bollinger Bands still open upwards, which aligns with the method of pulling back to buy. After a brief technical correction, it will still follow the bullish trend. Therefore, if the support level below 110000 does not break, there is still potential for further highs above.

In the afternoon, Bitcoin can be bought near 110500, targeting 112500, while Ethereum can be bought near 2600, targeting 2700. #比特币 $BTC