On Monday, the price of Bitcoin soared, reaching a historic peak.

Analyzing the K-line chart, Bitcoin is currently showing a very common bullish flag pattern. Last week, Bitcoin went through a pullback correction phase, gradually stabilizing and successfully forming a bottom in the middle of the week, laying a solid foundation for the upward trend on Monday. Ultimately, a strong rebound was achieved this week.

In the short term, Bitcoin experienced a significant rise in the early trading session yesterday, breaking through key levels. Although there was a pullback at night, testing support at the 103,000 level, it quickly rebounded in the early morning, reclaiming lost ground and firmly holding onto its gains, ultimately closing at a high level, with the overall trend maintaining a strong upward momentum.

Meanwhile, enthusiasm for ETH in the market continues to rise. Yesterday, we saw a bullish breakout above 4,100, and many institutions are predicting that Ethereum will hit new highs by the end of the year. Given the current situation, the likelihood of this prediction coming true is very high. As long as the Ethereum Foundation remains stable without any unexpected situations, breaking through new highs will be as easy as breaking through a layer of window paper, with continued bullish outlook targeting 4,500-4,800!

On Tuesday evening, Bitcoin is expected to retrace to the 105,000-104,500 range, targeting 108,000-109,000,

Ethereum is expected to retrace to the 3,940-3,910 range, targeting 4,130-4,180!