Evening Thoughts
The current market remains strong, with the low long position given in the morning perfectly validated. Bitcoin has also risen to the 98800 level, while Ethereum has followed up to 3531. The bull market's upward trend is being successfully captured!
After the daily adjustments during the daytime, the K line successfully regained lost ground. On the weekly structure level, the trend presents a strong bullish sentiment, and it is quite difficult to change the current strong pattern with a significant pullback. Currently, after the weekend adjustments, the market sentiment has not significantly faded compared to before. Under this emotional backdrop, there still exists an opportunity to challenge the 100,000 mark in the future. The overall structure remains in the phase of accumulating energy for a breakout, awaiting further buildup to initiate a new upward journey. At this moment, the Bollinger Bands are showing a flat convergence, and the K line has not yet demonstrated a strong upward breakout. Although there has been a slight price adjustment in the short term, it has not broken the upward structure, thus maintaining a bullish outlook is sufficient.
For tonight's Bitcoin: Long near 97300-97000, looking towards 98000-98300
For tonight's Ethereum: Long near 3460-3440, looking towards 3500-3520