Early Morning Thoughts
Currently observing that the overall market has been showing a slow upward trend, which can also be said to be in a high-level consolidation. There has not been much pullback during the day.
The K-line has also been continuously running above the short-term moving averages. After a series of fluctuations, the hourly trend has begun to gradually break out of a narrow fluctuation range, showing an upward movement. In the current technical formation, it is still undoubted that the bulls are in control.
Regarding the subsequent trends, I am more inclined to believe that there can still be some bullish continuation in the short-term trend. Looking at the 4-hour level, the bulls are currently consolidating and waiting for further upward movement. After back-and-forth fluctuations within the range, the price has once again made new highs.
There’s not much to say about Ethereum; it hasn’t moved much, just follow the trend of Bitcoin for future layout strategies regarding Bitcoin's potential for significant drops.
Operational Suggestions
Bitcoin Pullback: Around 92000-92500, target 95500
94500 short, target 92500, stop loss at 700 points
Ethereum Pullback: Around 3040-3060, target 3140-3180
