After a significant washout, the market has bounced back in a V-shape. Bitcoin has once again broken through $100,000, and Ethereum has reached $3,900. This wave of washout has shaken off many bullish traders, including a lot of spot traders, resulting in many liquidations and also making a lot of people wealthy. So how will the market trend moving forward? First, from the hourly chart, there is currently support at $99,800. The four-hour MACD red energy bars are gradually increasing, with the DIF line and DEA line forming a golden cross, indicating an upward breakout above the 0 axis. The market direction around noon is expected to have a slight pullback before stretching again in the evening, with Bitcoin targeting above $101,000 and Ethereum targeting above $4,000. Today's trading advice is to buy on dips.
Buy Bitcoin around $99,800 with a target of $102,000
Buy Ethereum around $3,900 with a target of $4,030
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