This week started with a bang! The morning alert suggested going long around 98,000, which again achieved a 1,000-point gain, perfectly executed!
As Bitcoin's daily chart shows another bullish candle, the market is gradually warming up. Currently, the price is above the five-day moving average, and although there are signs of stabilization above the mid-line, there remains significant pressure near the 100,000 mark. If it cannot break through and stabilize, it is expected to maintain a fluctuating pace in the short term. Looking at the hourly chart, the price's breakout has created a certain upper shadow, but the pullback has not managed to bring the candlestick back within the upper track. The demand for a pullback is not as strong as it was in the morning. With such a strong trend, the short-term will undergo consolidation and accumulation to open up an upward channel. Thus, the overall direction remains bullish.
For the afternoon, look for a pullback to 98,500-98,000 before going long, with a target of 99,500-100,000. For Ethereum, look for a pullback to 3,600-3,630, with a target of 3,750-3,800.