# Price comparison has undergone a whole night of fluctuations and continued to break down in the morning, dropping below the 90,000 line, with a minimum reaching the 98,744 line. Although it has fallen below the key support level mentioned previously, the bulls quickly recovered. The current trend still appears strong, as the impact from news is only temporary. It is currently operating within a narrow range of fluctuations; although the space has not further expanded, the high-level consolidation limits the retracement space. This type of consolidation replaces the pullback, maintaining a strong bullish consolidation. In the short term, it is in a stage of accumulation, and this morning, we oscillated between long and short positions, allowing us to capture over 3,000 points in total for Bitcoin and over 200 points for Ethereum. The recent market conditions have indeed posed some difficulty, so if you're not confident in your own judgment, you might consider following Hao Ge for real-time guidance.
From a daily perspective, the price comparison is still operating above the middle track, and the previous pullback has not changed the overall strong structure. It is currently in an upward trend, with daily candles showing signs of rebound and recovery. The lower points are continuously rising, and the short-term trend is showing a strong rebound. Overall, a single pullback is insufficient to change the overall bullish trend, forming a real reversal, but it will present certain opportunities for a false breakdown. Although the short-term structure still leans towards a weak continuation trend, the current weak movements can be understood as a false breakdown. Overall, the structure still favors a bullish outlook. From a smaller cycle perspective, the coin price has confirmed support around 98,000, and since support has been confirmed, the subsequent movement is a rebound. The overall market is indeed rebounding, and it has already stabilized above the 100,000 mark; therefore, a pullback would be an opportunity to enter long. Just enter long directly after the pullback!
In the afternoon, Bitcoin is hovering around 100,800-100,300 for a direct long position, with an initial target of 105,000. Ethereum is around 3,630-3,600, with an initial target of 3,800.