A new week has begun. Last Friday, Saturday, and Sunday, we discussed the rise of Bitcoin to 100,000. Currently, we are still a bit short.
Bitcoin consolidated between 974 and 980 yesterday, but the market ultimately chose to break upwards. The situation of the troops is not constant, and the shape of water is not fixed. Since the direction has become clear, what we need to do is follow the trend. The current market is temporarily under pressure from the previous daily high. Today, a pullback still suggests going long.
The 4-hour chart has shown five consecutive bullish candles, and the daily chart has shown seven consecutive bullish candles. Currently, the short-term moving averages continue to point upwards and diverge, maintaining a relatively strong trend in the short term. It is inclined to have continuation space after the daily chart's adjustment is complete. On the hourly level, the technical patterns are gradually completing adjustments, and the candlesticks are slowly standing above the short-term moving averages, showing signs of gradually strengthening in the short-term trend.
BTC trading suggestion: go long near 98,700; add to long positions at 97,900; stop loss at 97,500; target 109,000.
ETH trading suggestion: go long near 3,633; add to long positions at 3,595; stop loss at 3,570; target 372,367,187,666,513,156,044,713,77.