The afternoon market has been gradually rising. In the afternoon, the coin price approached the previous high again, reaching a maximum near 107490. This confirms our bullish outlook given in the afternoon. Successfully reached the expected price level. Ethereum, after rebounding from the low of 4039 in the morning, also oscillated sideways in the afternoon.
From the daily chart of Bitcoin, the market shows a pattern of consecutive green candles and slow rises, clearly biased towards bullishness. After the market opened, there was no pullback but rather a continuation of the upward trend. The Bollinger Bands are slightly widening, and the short-term moving averages are moving upwards. This series of signs indicates that the bullish power in the market is gradually accumulating. Overall, the market continues to favor the bullish side. However, despite the current bullish advantage, this slow rise also requires caution. Beware of a market crash. In the evening, we will first observe the pullback situation before participating in low bullish positions.
Operation Suggestions
Long Bitcoin at 106000-106300, target 108000
Long Ethereum around 3970, target 4050
