Last night, driven by the significant surge in U.S. stocks, the cryptocurrency market also rose in tandem. The price of Bitcoin once again broke through the important threshold of 100,000. Currently, from a daily perspective, it has shown a strong pattern with seven consecutive bullish candles, and the price has climbed above the MA30-day moving average. Although there was a slight pullback around midnight, the decline was very minimal. The key point moving forward is whether the price can steadily hold above the 100,000 mark. If it can maintain this level, then there is hope for the market to expand into higher territory.
On the 4-hour chart, a strong bullish candle directly opened the BOLL and is in a spreading state. Meanwhile, the indicators all show a bullish trend. For short-term operations in the morning, the bullish momentum is quite strong. However, it is not advisable to chase in when the price is at a high level; a safer approach is to wait for a pullback before entering.
Bitcoin pullback: range of 1005-1010, target 1030
Ethereum pullback: range of 363-365, target 370