Yesterday evening, the coin price surged strongly to the high line of 99,450. This aligns with our bullish outlook we have been presenting throughout the day. The price spiking high and then pulling back also validates our short position suggested at midnight yesterday, as the coin price welcomes a second round of surging. Regarding Ethereum, after spiking high in the early morning, it faced a pullback before surging again in the morning.
Looking at the small cycle on the four-hour chart, the market underwent a narrow fluctuation and consolidation after gaining momentum yesterday, breaking through the downward trend line and reclaiming the upper track. This suggests strong bullish momentum, but the pullback during the midnight strong surge still does not indicate enough strength for the market to decline further. Currently, the operating range is near the upper track, and the daily chart still has the potential for continued breakthroughs; thus, the main operational thought for the day remains bullish.
Operational Suggestions
Bitcoin near 98,200 can be bought Target 100,000
Ethereum near 3,470 can be bought Target 3,560
