The cryptocurrency price rose as expected early yesterday morning. The software market's lowest drop yesterday retreated to the low line of 103200, followed by a stop in the decline and a rebound, with a peak reaching 107700 early in the morning. Currently, Bitcoin is once again experiencing a pullback and consolidation. As for Ethereum, it peaked at around 4109 in the early morning and began to face pressure. The bullish outlook we provided at midnight yesterday concluded perfectly.
The four-hour single candle soared, demonstrating the unstoppable strength of the bulls. Once the upward resistance level is broken, the increase will be a natural result, and the bulls' enthusiasm not only meets expectations but is also an inevitable outcome driven by the trend structure. As mentioned earlier, in the current market conditions, a pullback is an excellent buying opportunity; if there is no pullback, then continue to follow the bulls in the short term, anticipating higher points to come. The direct surge within the day still indicates a clear future trend, and the main theme remains bullish and following the trend. Although a corrective pullback may occur in the short term, this is not a reversal signal but rather a necessary phase for the bulls to build momentum. After the correction, the market will still return to a bullish trend.
Operational Suggestions
Buy Bitcoin at 105000-105300 with a target of 107000.
Buy Ethereum near 4000 with a target of 4080.
