Under the current market structure, the daily charts of Bitcoin and Ethereum show a stable upward trend. After a short-term bottom rebound, Bitcoin begins to show a step-like upward trend, with the overall candlestick still oscillating and consolidating within the Bollinger Bands, with no significant changes. The short-term trend is characterized by gradual correction.
From the 4-hour chart, Bitcoin's performance during the day yesterday was volatile and corrected, until it broke through the previous level of 91900 points in the evening, successfully breaking through and rising to around 93000. However, the market was unable to maintain the high level and experienced a pullback, currently hovering around 90800. This indicates that there is still significant pressure above, and caution is needed for possible pullbacks in the short term.
On the 1-hour chart, Bitcoin has again retreated to near the low point from early yesterday morning after reaching a high, indicating that the support around 90000 points is still effective. Therefore, the operational suggestion remains to follow the previous strategy, recommending to consider going long in the range of 90000 to 90300, paying attention to the pressure level above 93000.
For Ethereum, consider going long in the range of 2980 to 3030, with a target price aimed at around 3100.
Overall, it is recommended to maintain a bullish strategy in the short term, focusing on whether the support level is stable and the changes in upward pressure, flexibly responding to market fluctuations.
