After the fluctuations in the afternoon market, the evening cryptocurrency price has also dipped to around 103100. After touching the low, it has stopped falling and rebounded. Currently, the price has strongly risen to a high of 106420. The bullish outlook we provided for the evening has also been validated. For Ethereum, after dipping to around 3880 in the evening, it has also stopped falling and rebounded. The current price has warmed up to around 3943.
The four-hour single bullish candle has surged, and the strong bulls cannot be stopped. Once the upward breakout occurs, it means an increase in volume, thus the bulls' frenzy is also expected and a necessary rise influenced by the trend structure. Earlier, we mentioned that regarding the current market, a pullback indicates bullishness; if there is no pullback, then it is a short-term continuation of the bullish trend, aiming for higher targets. The intraday movement is still quite clear, maintaining a bullish stance, and following the bulls is the current main theme. In the short term, the price may experience some corrective pullbacks, but corrections do not equate to reversals. After the correction, the bullish trend should still be revisited, and corrections are meant for better upward movement.
Operational Suggestions
Long at 105000-105400 for Bitcoin, target 107000
Long around 3900 for Ethereum, target 3980
