The recent pullback of Bitcoin is almost over, and it is likely to surge upwards next.

After dropping to 114723 yesterday, it stabilized, and there was a good buying signal at night. Today, it has risen above 118000, indicating that the pullback has ended in the short term. Next, it either breaks through 123000 quickly, or it will consolidate for two or three days before rising again, with the ultimate goal of setting a new historical high. On the daily chart, the upward trend is not over yet; 123218 is definitely not the peak, but after a surge, there is a high probability of a significant pullback, which should be noted in advance.

From a short-term perspective, the 1-hour level has already begun a new rebound; we will see if it can break through 120000. The 15-minute level is also rebounding, and it may accelerate past 120000. Of course, if the trend is complex, it might pull back first before rebounding, so we need to keep observing.

Ethereum is also strengthening, currently in a rebound phase. Whether it can break through 3860 is key, after which it has a chance to surge between 3900 and 4000.

Currently, the trends across all time frames have not changed: the weekly, daily, and 4-hour levels are all trending upwards (with daily targets between 120000 and 130000); the 1-hour and 15-minute levels are also moving upwards. Now is a good opportunity to capture the upward movement, but one must also be cautious of the pullback risk after the surge. $BTC $ETH $XRP #以太坊交易量反超比特币