The Bitcoin price in the afternoon has not seen much fluctuation, maintaining a range of 110,000 to 111,000 and oscillating within this range. After experiencing a rise during the midday, the overall market has also contracted. Today witnesses a historic moment, as the Bitcoin price has broken through 110,000 and is approaching 112,000. Ethereum has shown steady growth throughout the day, with the price rising from a low point in the early morning to a high of around 2692, currently showing a slight pullback. Bitcoin has not seen significant fluctuations in the afternoon, with long positions being held, while Ethereum has undoubtedly gained over 100 points in space.

From the current market perspective, Bitcoin has recorded three consecutive days of gains on the daily chart, following a week of short-term consolidation. After refreshing its new high today, the overall market is now undergoing a period of consolidation. From a technical standpoint, the current moving average system is in a bullish arrangement, and the MACD indicator has formed a golden cross above the zero axis, with trading volume increasing, indicating a strong bullish sentiment in the market. This is also the reason why we have generally positioned ourselves around the bullish side. The 4-hour chart shows a strong upward movement based on support from above the middle Bollinger band, having effectively broken through key resistance levels yesterday, resulting in a unilateral upward pattern. The Bollinger band is clearly widening, and the KDJ indicator continues to operate in the overbought area, indicating that short-term upward momentum is strong, with the evening still looking bullish. As for Ethereum, it is recommended to look for short positions and watch for pullbacks this evening.

Operational Suggestions

Long Bitcoin around 109,500 Target 112,000#比特币突破11万美元