Good morning everyone in this new week. The morning cryptocurrency prices are also rising strongly, reaching a peak of around 104,000. Compared to the prices in the early morning, there hasn't been much fluctuation. The bullish outlook we provided at midnight yesterday was also perfectly executed. On the Ethereum side, there was a sharp drop in the early morning, hitting a low of around 3,842, followed by a quick rebound. The morning high reached around 3,923.

From the four-hour chart, Bitcoin has shown a three consecutive bullish candlesticks pattern, with the Bollinger Bands expanding upwards, and the support structure below becoming increasingly obvious. Bullish momentum is building, and new highs seem within reach. Once it breaks through the current high, the upward path will be unimpeded. Therefore, in our subsequent operations, we can consider maintaining a low-position bullish strategy to seize the upcoming upward trend. In the intraday trading, let's first pay attention to the retracement strength before participating in low-position buying.

Trading Suggestions

Buy Bitcoin at 103,000-103,300 with a target of 105,000.

Buy Ethereum near 3,900 with a target of 3,960.

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