In the afternoon, the market volatility remains strong for the bulls. Although there was a slight pullback during noon, the lowest drop was around 108500 before stabilizing. The market then saw a rebound, and after some contention around the 109000 line, it continued to increase in volume, currently fluctuating around 109500. Ethereum surged sharply in the afternoon, followed by a correction, and the price has once again surged, currently reclaiming the 2600 line. The bullish momentum speaks for itself, and during the day, I reminded everyone to buy on the dips. I believe my followers should not have struggled with such a market.

From the current perspective, the daily line has turned from negative to positive, forming a long lower shadow. Although the upper band is currently showing a flattened trend, indicating strong pressure at the highs, breaking new highs in the short term is challenging. However, reclaiming the 110000 threshold is just a matter of time, which is a typical bullish market behavior where the pressure at the highs continues to stabilize and break upwards, followed by a consolidation before breaking new highs. The middle band of the Bollinger Bands has not flattened, indicating that there is still potential for further upward movement. From a deeper structural view, a significant pullback would require breaking the middle band. Combining this with the four-hour chart, the movement aligns with our earlier thoughts, maintaining oscillation between the middle bands. The current pullback does not change the bullish trend; as long as the price can return to support at the middle band, there is further upward momentum. This also indicates strong buying interest at the bottom. Our trading strategy continues to focus on a bullish outlook.

You can buy Bitcoin at 108700-109000, targeting around 111000. For Ethereum, buy at 2570-2600, targeting 2650-2700.