High-level consolidation and pullback, continue to be bullish on low positions!

After Bitcoin surged to a high of 102762 in the morning, it began to consolidate at a high level. The current price is around 101800. The upper Bollinger Band on the daily K-line is opening upwards, and the price is tightly surrounding the upper band, indicating a bullish outlook and suggesting a long position, but caution is advised as the KDJ shows a trend of turning downwards and the RSI is also turning down from a high position, so be wary of the risk of a sharp pullback after the surge.

Bitcoin is relying on the 100000 mark to lay low positions. Additionally, the 4-hour Bollinger middle band supports around 99200. Currently, the market lacks basis for shorting, and under the strong bullish trend, the risk of shorting against the trend is high, so it’s better to lay low positions. Targeting 101700, 102700, and 103500.

Ethereum is currently priced at around 3680, and the price is also testing the resistance of the daily K-line upper Bollinger Band, which is opening upwards, allowing for more upward space. In terms of operations, rely on the 4-hour Bollinger middle band support at 3640 for a long position, and add to the long position at the lower band support of 3580, with targets at 3700, 3740, and 3820.