Bitcoin underwent a round of adjustments over the weekend, and the current price remains in a state of fluctuation. Although the peak of the price increase was not fully captured, Saturday's bullish trend still brought decent intermediate gains.
From the daily chart, Bitcoin's price once reached $98,800, facing some pressure above, with support around $97,500. Current support is focused on MA14, and if it pulls back to this level, one may consider going long. A break above MA30 may aim for $99,500. Currently, MACD shows a shrinking golden cross, indicating a still bullish short-term outlook.
The four-hour chart shows support at MA120. If the price pulls back to around $97,500, one may consider entering a long position. MACD's dual lines are converging, suggesting a possibility of strengthening short-term trends, so it may be advisable to wait for a pullback before entering long positions.
Generally speaking, Bitcoin can be positioned for long trades within the $97,500-$97,800 range, and after breaking $99,300, the target is $99,800. A break above $100,000 may lead to further increases.
Regarding Ethereum, the price fluctuates within the $3,580-$3,600 range, and after breaking $3,720, the target looks towards $3,750-$3,800.