Technical Analysis

Bitcoin (BTC): A three consecutive bullish candle pattern has appeared on the daily chart, with an increase of over 13,000 points. In such a strong bull market, there is no need to overly focus on the upside potential for now; the primary focus remains on upward movement until the daily trend enters a high-level adjustment phase.

The daily chart shows high-level fluctuations, and we will determine the high-level consolidation range through the 4-hour chart before considering the possibility of a pullback and the risk control strategies for spot trading. #BTC金LTC银

From the 4-hour chart, the starting point of this round of increase is around 76,000 points, with an increase of over 13,500 points within 36 hours. Currently, it is experiencing stagnation near 89,500 points, along with a slight adjustment. Observing the adjustment process from the 1-hour chart, the current key support level at the bottom is between 86,000 points and 86,500 points, while the upper resistance level focuses on the 89,500-90,000 points range.

Ethereum: The daily chart showed a pullback to around 3,100 points yesterday before quickly rallying, closing with a long lower shadow bullish candle, indicating a healthy upward trend.

Currently, the price is stagnating around 3,400 points, which coincides with the trapped positions formed after the Ethereum ETF was launched at the end of July. From the 1-hour chart, the increase from 3,230 points yesterday showed significant resistance, which can now serve as a key support line for today's bullish outlook.

For today, the focus remains bullish on the upside, while the key support to watch below is the 3,230 points, with operations and a pause for the pullback phenomenon to 3,160 points. #牛回速归，晒晒你的持仓？ #DOGE看涨情绪飙升 #BTC连续破新高，你看到多少？ #币安将上市ACT、PNUT

I am bearish, and if you currently don't know how to arrange your positions, feel free to reach out to me for discussion!