In the early morning, the cryptocurrency price surged to the 99450 level before experiencing a slight pullback, reaching a low of 97226 before stopping the decline and rebounding, welcoming a second round of gains. After the surge, in the afternoon, the cryptocurrency price also showed high-level consolidation and fluctuated. For Ethereum, after a high of 3539 in the early morning, it quickly fell back to a low of 3430. During the day, the cryptocurrency price also exhibited fluctuating behavior.

From the current market situation, it can be seen that the volatility of the market has drastically reduced, leading to poor trading sentiment. From the hourly perspective, Bitcoin continues to oscillate and adjust, showing signs of stabilizing above 98000. From the smaller 15-minute chart, the Bollinger Bands are contracting, and the MACD lines are converging near the zero axis, indicating extremely balanced bullish and bearish momentum. In the afternoon, we continue to maintain a bullish outlook, waiting for market momentum to finish consolidating and break out sharply. While remaining bullish, we should also pay attention to the strength of the pullback and avoid being blind.

Operation Suggestions

Buy Bitcoin near 97500 Target 100000

Buy Ethereum near 3470 Target 3550

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