1.7 Monday Afternoon Silk Road:

After a wave of stretching last night, the price ratio of Bitcoin has successfully broken through the 100k mark, currently quoted around 102k. Through the trend line, it can be determined that the pressure level just above 100k has been successfully surpassed. The current operational strategy for Bitcoin is to wait for a pullback to continue trading (see details in Figure 1). The next key level will firmly lock in at 103800, ultimately aiming for a breakout to new highs. Currently, from the hourly MACD, it has also entered a rising pullback cycle, so it is not advisable to enter long positions at this time; patience is required to wait for the right moment. The best entry point is locked in by Brother Huo around 100800, which is the golden Fibonacci retracement point of the historical peak trend line.

Now let’s take a look at Ethereum: Firstly, regarding the overall direction: continue to be bullish, with a significant bullish outlook!! The current price is around 3680, which is a good entry point for long positions. From the price trend of ETH/BTC, it can be observed that after three years of a major cycle decline, both the daily and weekly charts have entered into a MACD golden cross, while the monthly chart has also started shifting from selling to buying. This indicates that for a considerable period in the future, the price of ETH/BTC can be viewed with optimism. Considering the current bull market of the larger cycle, the price of Ethereum will not only break historical highs in the near future, but Brother Huo expects it to exceed 7000 above!!!!

Today's operational suggestions: Enter long positions below 101300 for Bitcoin, with a stop loss at 100300, targeting above 103000. Enter long positions below 3670 for Ethereum, with a stop loss at 3630, targeting above 3720.

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