In recent days, I have been closely monitoring the market, waiting for Bitcoin to effectively break and stabilize above the $115,000 line again. Yesterday, Ethereum also strongly broke through and stabilized at the $3,680 line, and today the bullish trend of Ethereum has once again gained momentum.
From the four-hour perspective, yesterday Bitcoin started to gain strength around 6 PM, and then around 8 PM, Bitcoin strongly broke through and stabilized above the $115,000 line with a large bullish candle on the four-hour chart.
Currently, Bitcoin has returned above $115,000 for a strong consolidation. I personally believe that after the four-hour adjustment and repair is completed, Bitcoin will once again attempt to test the strong resistance at $120,000.
From the daily perspective, Bitcoin closed with a medium bullish candle yesterday, strongly breaking through and stabilizing above the $115,000 line. I believe that the bullish pullback trend of Bitcoin will continue further.
Pay close attention to Bitcoin below, to see if there will be a large bearish candle that strongly breaks through the strong support at $115,000.
Looking at Ethereum from the four-hour perspective, last night at 8 PM, Ethereum strongly broke through and stabilized at the $3,680 line after a change of line, which has now become strong support.
Today, the bullish trend of Ethereum continues, and it has broken through the previous new high. I personally believe that Ethereum will test the strong resistance at the $4,100 line.
From the daily perspective, Ethereum closed with a large bullish candle yesterday, and the bullish trend on the daily chart is very strong. Pay close attention to whether Ethereum will have a large bearish candle that strongly breaks through the $3,680 line below, and closely monitor the strong resistance at the $4,100 line above.
Bitcoin and Ethereum are still consolidating strongly at high levels, but most altcoins are still showing little improvement. The altcoin season we have been eagerly waiting for has still not appeared, and the altcoin market in the future will only see the strong become stronger.
