Morning Strategy

Last night's market gave us a pleasant surprise as Bitcoin broke through 98,000 and Ethereum broke through 3,800 points again. It seems that Bitcoin is approaching the 100,000 mark.

The news front is relatively calm.

In terms of technical trends, the daily K-line KDJ for Bitcoin has chosen to go upwards, and the MACD is also turning upwards. To break through 100,000, the MACD needs to form a golden cross. Currently, both the 7-day and 10-day moving averages have shown a change and are turning upwards.

In the four-hour trend, KDJ and MACD continue to form a golden cross upwards. Last night, a straight line directly broke through all moving averages, and now all moving averages are turning upwards with increasing volume. Combining these three factors, Bitcoin can strongly break through 100,000 without much issue.

Ethereum's trend is similar to Bitcoin's.

For Bitcoin, the upper level is 100,000 and the lower level is 97,200.

For Ethereum, the upper level is 4,000 and the lower level is 3,800.