Today, Bitcoin's price surged to a high of 107,777 before starting to face pressure and retracting. In the morning, the market's lowest retraction was to around 105,424. It is normal for a pullback to occur after hitting a high. The afternoon market has also been in a state of fluctuation. Earlier in the afternoon, we reminded everyone that there wasn't much movement in the daytime, so we should pay attention to the situation when the U.S. stock market opens. As expected, in the evening, with the opening of the U.S. stock market, the price once again reached a new high, touching 108,366 before quickly plunging down. For the past few days, the market has primarily been following the bullish rhythm. Tonight, we also saw liquidation. In terms of Ethereum, after the early morning surge, it has remained in a sideways fluctuation throughout the day. In the evening, the bulls failed to hold, and instead, the bears took control, causing the price to dip to a low of 3,933.
From the current trend, the hourly level has shown a serious divergence, and looking at the 4-hour level, the market is also experiencing a consecutive bearish state. In the evening, there was a sharp downward spike leaving a long wick. Currently, while there is some space for a retracement, the overall upward trend should not be overlooked as it only pulls back to yesterday's starting point, and after multiple previous retractions, a strong pull-up is inevitable again. At midnight, we still participate with a long position.
Operational Suggestions
Buy Bitcoin at 105,000-105,400 Target 107,000
Buy Ethereum around 3,900 Target 4,000
