Today's price comparison has also risen to the high of 101880 and then started to come under pressure, with the pullback not being very significant. During the afternoon, the price fell to a low of 100309 and began to rebound. It touched 101812 again. It can be seen that the attempt to break through the 102000 mark is still somewhat lacking in strength. In terms of Ethereum, the price has been gradually rising throughout the day. It has already reached the expected level we provided this morning, with a peak touching 3947. The bullish ideas we shared last night and this morning have also been substantively validated. Let's work together to achieve success!
From a daily chart perspective, the current price has also broken through the strong support of the middle track. Although there has been a breakthrough, it lacks a certain degree of continuity. Once the decline enters a stagnation, there is a high probability of a rebound. Looking at the recent market trends, there are often significant reverse movements during periods of stagnation or slow movement. Therefore, while the short-term structure is slowly low, accompanied by a rebound, we need to guard against the occurrence of a rebound trend. If the decline stops and shows a relatively obvious resistance to falling, then we should still maintain a low position to seize the opportunity for a rebound. From the 4-hour perspective, the repeated upward explorations are also accompanied by certain pullbacks, and we are currently seeing a double bottom structure, which is just a way for the bulls to gather strength. The current round of pullback is basically over, and we still look forward to the bulls' rebound.
Trading suggestions
Long on Bitcoin at 100000-100200, target 101500
Long on Ethereum around 3900, target 3970
