Yesterday midnight, the Bitcoin market peaked at around 88143 before pulling back. Subsequently, the price reached a low of 87015 and then entered a phase of oscillating upward movement. In the early morning, the market warmed up to around 87900. Ethereum's midnight market also fell from the high of 2974 in the evening to a low of 2901 during the midnight period, then rebounded, approaching the early morning price of around 2960. Yesterday, Yang Jie also made positions in Bitcoin and Ethereum, both yielding good profit margins, with Bitcoin's two long positions totaling over 2000 points and Ethereum's one long position totaling over 50 points.
From the current market perspective, after the price has been under pressure and pulled back, it has not continued to decline but instead formed a rebound. It is currently operating in the upper middle band of the Bollinger Bands. Although the bullish volume has shrunk, it still supports the price to maintain a range of oscillation, and the operating channel is gradually flattening out, with moving averages showing a cross-arrangement pattern. The short-term still experiences certain oscillating adjustments, and overall it remains within a bullish trend in a pullback accumulation rhythm. In the four-hour level, the operating channel shows a converging downward trend, and after the price has made a corrective upward move touching the upper band, it did not immediately face pressure to fall back. The volume shows a bullish form continuing to expand, with the moving average system curving upward, maintaining a consistent upward trend. The small cycle's corrective upward trend is stable, and the short-term box consolidation highlights weak bearish pressure, with limited downward space. In summary, the operation still suggests focusing on building long positions at low levels.
Bitcoin: Build long positions near 87000, target focus on 88500.
Ethereum: Build long positions near 2900, target focus on 3050.
