Yesterday's market overall showed a volatile trend, with the lowest point in the afternoon also reaching around 96000, followed by a small upward movement in the evening. Currently, the market is in a slight pullback state. The upward trend is quite obvious, with highs continuously increasing, so our main strategy today is to focus on buying during pullbacks. The support level below for Bitcoin is at 95000; if it breaks, we can look towards around 91000, and if it does not break, we continue to look bullish.

On the technical side, the short-term bearish trend is weakening, and bearish momentum is decreasing, while the bullish trend on the hourly and four-hour charts continues to hold. The Bollinger Bands have opened up after a round of downward movement and the middle band is still moving upwards, indicating that the bulls are in a dominant position technically.

Looking at Ether, its upward movement is stronger than Bitcoin. The highest point in the early morning also reached around 3630, and then it entered a slight pullback consistent with Bitcoin. Currently, it seems that this small-level pullback will continue, and once the pullback ends, we can enter long positions.

Bitcoin: Buy on pullback around 97000-97500, target towards 98000-98500-99000

Ether: Buy on pullback around 3510-3540, target towards 3570-3600-3630. #比特币诞生16周年 #比特币走势观察