The price of the coin on Saturday touched the low of 95393 in the morning and quickly rebounded. In the afternoon, the price peaked at 99485 but faced pressure and fell back. The long positions we suggested on Sunday morning and the short positions after the price surged in the afternoon also reached the expected levels as planned. In terms of Ethereum, it reached a high of 3553 during the day before experiencing a pullback. The lowest point in the evening touched 3344.
From the perspective of short-term hourly levels, the hourly chart shows repeated highs and pullbacks, indicating further expansion of the bulls. Overall, it remains in a strong bullish trend, and after the consolidation ends, there is still hope for another challenge of the highs. Currently, after the pullback, the price shows a step-like pattern, and the overall direction remains bullish. Following a strong surge accompanied by pullbacks, it continues to rise. Therefore, the trend remains unchanged, and we continue to maintain a low bullish approach.
Operational Suggestions
For Bitcoin, go long at 96500-97000 with a target of 99000.
For Ethereum, consider going long near 3330 with a target of 3400.
