Prices continued to rise from midnight to the early morning, reaching a peak of 111487; Ethereum quickly stabilized after a slight pullback, and the bulls also aggressively pushed higher, with a single-sided upward movement exceeding 100 points, peaking at 4333 from midnight to the early morning, with an overall increase slightly less impressive compared to Bitcoin.

On the four-hour chart, as the downward channel was further broken, the indicators are about to enter the overbought zone. In the short term, there is a certain demand for pullback after price exploration, but it is important to pay attention to the strength of the retracement. As long as it has not substantially fallen back into the downward channel, there is still room for a rebound, and it is expected to test the resistance at 113500. In terms of operation, it is recommended to mainly adopt a strategy of buying on dips after a retracement during the day.

Bitcoin can be bought in the range of 110000-110500, aiming for around 113500. Ethereum can be bought in the range of 4250-4280, aiming for around 4450.