The evening coin price has also slightly weakened, with the lowest retracement to around 97300 and Ethereum retracing to around 3260. However, in this market, we can view all retracements as corrections. A slight pullback at the end of the week after giving a space for a rise to ten thousand points is quite normal, as a trend will not reverse in a short time, so friends holding long positions need not worry. If you have a large position, you can find me for free assistance in adjusting your positions. Currently, we still see a bullish trend continuing upwards, after all, the recent high is only a few hundred points away from 100000. In my view, there is no pressure above. Just maintain a bullish outlook.
The daily structure shows bulls once again making a strong unilateral upward movement, and has once again broken through the upper pressure to around 99500. As we have mentioned multiple times before, where there is an increase, there will be a decrease; there is no market that only rises without falling. After the market hits a high, it also shows a retracement and correction. Currently, it seems that the short-term pullback has already completed. The daily chart closes with a bullish candle, which indeed stabilizes the foundation, and a pullback correction is forming a support platform, which is more conducive to subsequent rises, while also releasing the resistance of bearish sentiment, reducing upward pressure. The 4-hour chart shows secondary pressure leading to the Bollinger Bands' upper track narrowing, but the closing is at a low point. It has been emphasized before that in a strong market's movement, after a dip, the closing should stabilize and recover; after waiting for the repair to complete, we still maintain a positive outlook for the overall upward movement.
Bitcoin: 98000-97500 Direct buy Target focus on 100000
Ethereum: 3300-3280 Direct buy Target focus on 3500