Today's overall market trend is still as we expected, maintaining a long position throughout the day. Although the market fluctuates slowly, what is meant to come will eventually arrive. The most significant performance was in the evening, where there was a surge breaking the previous high, followed by another volume increase, reaching a high point around 98713. Ethereum developed in sync but showed slightly weaker upward momentum, so we can only see if it can provide a follow-up rise later. During this period, we made two successful trades in Bitcoin, first capturing a space of 1467 points and then another 1596 points. Ethereum captured spaces of 34 points and 52 points respectively, making it a perfect day. Currently, the price is experiencing some retracement.
The current chart shows that on the four-hour line, the price is located in an upward channel and is close to the upper boundary. The market shows a strong upward trend, and volatility is increasing, which helps the price to further explore higher levels. From the hourly line, the market quickly surged after the evening opening, forming a bullish signal, but is currently under pressure and retracing. In the short cycle, the battle between bulls and bears has intensified, and adjustments will continue near the middle track in the short term, as the bearish volume has not yet ended. We need to pay attention to the existence of support levels; if it stabilizes, we can consider buying on dips; conversely, if it breaks down, it may trigger further corrections. There is potential to break resistance levels in the short term, but we need to be aware of the risk of retracement. We will focus on buying on pullbacks for our strategy.
Bitcoin 96800-96500 long, target around 99000
Ethereum 3560-3530 long, target around 3680. #AI与GameFi市场表现 #比特币打破感恩节魔咒 #币安BNSOL质押PYTH