The idea of directly going long around 96000 that we provided in the early morning has been validated again. After a whole night of upward movement, it seems to have returned to the rhythm that everyone is familiar with. The price has risen from the early morning low of 95800 all the way up to the 98000 line, without giving bears a chance to react. Therefore, within this range, we are once again positioning ourselves in a medium to long-term manner. The big coin is estimated to cover over 1600 points of space, while Ethereum is expected to cover nearly 30 points of space. Whether it's a one-sided rise or one-sided fall, only when you find yourself in such a trend and achieve certain results will you understand how difficult it is to fight alone.

From the daily structure perspective, after a single bearish candle down, we also see a single bullish candle rise. It has come back up the same way it went down. After a slight decline, the bulls have also completed the recovery as expected. Recently, each recovery has been completed in a short period of time, and the bullish energy still exists. Currently, on the four-hour level, the trend is temporarily maintaining a high-level consolidation. The pullback after a strong surge is not too significant, and it tends to maintain a high-level consolidation pattern in the short-term. The downward space during the day may not be too large. In this adjustment trend following a rapid rise, one needs to pay more attention to the adjustments and repairs in the smaller time frames. Once the adjustment is complete, we will still focus on long positions.

In the morning, the big coin is around 97800-97600 for direct longs, targeting 100000. Ethereum is around 3340-3320 for direct longs, targeting 3500. #ETH市场新动向 #美国众议院通过比特币法案 #ADA突破1美元 #谁将成美SEC新主席？ #BTC创历史最大月度涨幅 $BTC