12.2 Monday Analysis of Bitcoin and Ethereum Market Trends

From the current market situation, the overall market continues to develop along an upward trend.

Analyzing the daily chart, it can be observed that the K-line shows a continuous rise with successive bullish candles, indicating that the strength of the bulls has not shown any significant signs of weakening thus far, suggesting a high possibility of sustained market growth.

Looking at the four-hour chart, after the market adjustment over the weekend, the K-line experienced a brief decline, dropping below the middle band of the Bollinger Bands.

However, the K-line quickly rebounded back above this middle band, indicating that the support from below the market is quite solid in the short term.

Meanwhile, the Bollinger Bands are currently showing a contracting pattern, with no clear signals indicating an imminent market reversal, and its support for the market remains relatively stable.

In smaller time frames, the competition between bulls and bears appears particularly fierce. However, from an overall perspective, the bulls maintain a dominant position, and currently, the bearish volume seems not to have completely ended.

Based on this market analysis, we will continue to operate according to our original strategy, which is to take advantage of market pullback opportunities to build long positions.

Specific operational suggestions are as follows:

For Bitcoin: consider building long positions in the price range of 95500 - 96000, with expected profit targets set at 97500 - 98500.

For Ethereum: enter long positions in the price range of 3630 - 3650, with profit targets set at 3750.

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