Yesterday, Bitcoin showed a strong upward trend after breaking through the resistance level, successfully reaching a new high of 107793. The overall trend structure continues to rise. Although we did not hold all positions in our long trades, we still secured 1400 points on Bitcoin and 76 points on Ethereum.
From a technical indicator perspective, the four-hour chart shows an upward expansion of the open band, indicating a strong bullish dominance. However, the KDJ indicator did not continue to expand after the three lines crossed, suggesting that bullish momentum has weakened in the short term, and the upward trend may gradually slow down. Nevertheless, after breaking yesterday's new high, the overall trend remains bullish, with a hopeful breakout above the 110000 mark.
Trading Suggestions
Target 110000 for Bitcoin around 106000
Target 4080 for Ethereum around 3960