1.7 Tuesday Bitcoin Ethereum Afternoon Market Analysis

As market sentiment continues to warm up and institutions increase their holdings, the heat of the cryptocurrency market has reignited. Last night, the price of coins surged and directly broke through the 100,000 mark, stabilizing above it. The bullish outlook demonstrated by the ten charts has been validated again. With the coin price standing above the 100,000 mark once more, it brings great confidence to investors and injects new vitality into the entire cryptocurrency market.

Currently, although the coin price has shown some short-term pullback, the trend indicators across various cycles resonate with a bullish trend. After a significant rise in the 4-hour candlestick, the gains were not quickly retracted but instead continued to maintain a high-level oscillation and consolidation rhythm. The bullish pattern remains, and although there is a pullback on the hourly chart, the strength is not significant. The 100,000-101,000 region has already shown some signs of support. It is expected that after the pullback adjustment, the bullish pattern will further continue its upward trend.

Tuesday Morning Recommendations:

Bitcoin: 101,000-101,500 bullish, target around 103,500.

Ethereum: 3,600-3,000 bullish, target around 3,800.

Thinking is a question, doing is an answer. Losing is in hesitation, winning is in action. I am Zu Ping, and I am also your destined friend!