The price comparison surged to the high point of 107777 in the early morning, facing resistance, and once again refreshed the historical high. After hitting the high, it gave a slight pullback and stabilized around 105500. The day's market is basically in a fluctuating trend. If there is not much volatility during the day, attention should be paid to the opening of the U.S. stock market in the evening. Ethereum also surged to around 4109 in the early morning and then pulled back, with the price hitting a low of around 3942 before starting to rebound. Currently, it has warmed back up to around the 4000 mark. The bullish outlook we provided yesterday evening and this morning has also concluded perfectly. Those who followed along don’t need to say much, and the ⑩ market is even more lucrative.
Recently, Bitcoin has frequently refreshed new highs, and many people have lost their direction. From the four-hour chart, bullish and bearish candles are competing with each other. But overall, the bulls are still relatively strong, with the lows continuously rising. The price trajectory closely adheres to the MA5 daily moving average and continues to rise, clearly showing the current rhythm. In the short term, MA5/10 is not only solid support but also a good opportunity for us to go long. However, we should not blindly chase the market; we need to remain rational and first pay attention to the pullback strength before participating in low buys. It is crucial to pay attention to the timing of entry!
Operational Suggestions
Long Bitcoin at 105500-106000 with a target of 107500
Long Ethereum near 3980 with a target of 4060
