Last night, the coin price surged strongly to the high level of 99450. This aligns with our bullish outlook that we have been providing throughout the day. The price spike followed by a pullback also validates our short position outlook given at midnight yesterday, and the coin price is currently experiencing a second round of highs. On the Ethereum side, after a spike at dawn, it faced a pullback but rallied again in the morning.
Looking at the small cycle 4-hour chart, after yesterday's narrow range consolidation, the market broke the downward trend line and recovered to the upper track. This indicates strong bullish momentum, but the accompanying pullback during the midnight surge was still insufficient to push the market lower. Currently, the operating range is near the upper track, and there is still the possibility of continued breakthroughs in the daily line, so the operation for the day should still maintain a bullish outlook.
Operation Suggestions
Bitcoin buy around 98200 Target 100000
Ethereum buy around 3470 Target 3560
