Yesterday, the price of Bitcoin continued its upward trend, briefly breaking through the 98,000 mark. This performance is in line with our expectations. The current 4-hour chart indicates that the market needs a slight consolidation, while the candlestick pattern shows a healthy development trend. In intraday trading, we should focus on the support strength within the 95,500 to 96,000 range. Once the consolidation phase is completed, Bitcoin is expected to restart its upward momentum and test the resistance area above 98,000.

Ethereum is maintaining a synchronized consolidation with Bitcoin and has successfully broken through the 3,700 mark. Its price movement is also stable, and it is expected to further rally intraday, testing the resistance level at 3,800.

From a technical analysis perspective, Bitcoin has returned to a healthy level on the 1-hour and 4-hour time frames, while the daily level is exhibiting a state above the healthy level. The intraday market is expected to experience a slight pullback, but should then continue to rise. From a longer-term perspective, the expectations for the larger cycle have not weakened. In intraday trading, the support level is expected to be between 95,500 and 96,000, while the resistance level may appear in the range of 98,000 to 99,000. #BTC☀ #ETH🔥🔥🔥🔥