800643427855.22 Midday Thoughts Bitcoin experienced significant fluctuations in the early morning, with the price briefly dipping to the critical level of 106085, before stabilizing and rebounding, forming strong support. After intense competition between bulls and bears, the bulls ultimately broke through the bears' pressure, strongly surpassing the 110,000 mark in today's morning session. As of now, the price has climbed to a high of 110977, and technical patterns indicate that there is still momentum for further upward movement in the short term. It is worth mentioning that the target price of 110,000 predicted at the beginning of this week has been realized amidst the ups and downs of the market. Despite facing oscillation tests during the process, with precise trend analysis and rigorous rhythm control, the expected target was ultimately achieved, demonstrating a strong ability to grasp market trends.
Bitcoin has closed with three consecutive bullish daily candles, forming a strong upward trend. Recently, regardless of day or night trading sessions, whenever the price experiences a pullback, it consistently rebounds strongly before the day's close, continuing to expand upward space in bullish candlestick patterns. The current bullish trend is strong, and technical aspects indicate there is still momentum for further upward breakthroughs. In contrast, Ethereum has shown relatively limited gains on the daily level. Although the price can rebound quickly after a pullback, unlike Bitcoin, its upward breakthrough momentum is clearly insufficient. Each time it reaches a new high, it encounters strong bearish pressure, followed by a pullback, forming a repeated oscillation pattern. At the moment when Bitcoin successfully breaks through the 110,000 mark, Ethereum is still hovering around the 2600 dollar mark, yet to achieve an effective breakthrough. From the 4-hour chart, Bitcoin displays a step-like upward characteristic, rather than a unilateral surge. During the upward breakthrough process, each time it peaks, there are reasonable pullbacks, but the low points of the pullbacks are always higher than the previous lows, showing a good rising rhythm. In terms of operations, continue to follow the upward trend on pullbacks. The key is to pay attention to the support levels as they gradually rise with the highs and lows; if the support is broken, losses must be taken.
Bitcoin can be bought between 109500-110000, aiming for around 112500. Ethereum can be bought between 2520-2540, aiming for around 2650.



