Last night, the market first surged, then fell back, with the low point temporarily dropping below 100,000. However, the bottom support was strong, and the buying force quickly surged, resulting in a rapid rebound. The drop in the early morning did not break the previously mentioned support at 99,500, indicating that this level is still valid, with strong buying momentum remaining, quickly pulling back above 100,000. Our layout from yesterday also successfully captured over a thousand points, with Ethereum gaining over thirty points!

At present, whether the momentum can continue is the biggest test for the market. On Saturday, the emotional fluctuations were not significant, stabilizing above 101,000 while slowing the increase. If the trend continues, then a significant pullback should not occur. From a technical perspective, the strength of the rebound is clearly greater than that of the pullback, with moving averages and various indicators all turning upward. The overall short-term trend remains strong, and although the 4-hour level shows a slight reduction in volume, as long as the short-term market does not fall below the mid-band, it may once again surge towards the short-term high points of 102,500-104,000.

For a pullback to 100,300-100,000, the target is 102,000-103,000. For Ethereum, buy at 3,900-3,880, targeting 3,980.