Every squat is for a higher jump; being trapped is not the end, cutting before dawn is. The evening market continues its upward trend driven by news. Bitcoin rose to a high point of 94555 before facing pressure and falling back, then entered a volatile downward channel. Ethereum followed suit, surging to the 3397 level before dropping. Yang Jie positioned short at yesterday's high, opening a position in Bitcoin at 93802 and taking a profit of over 1000 points before exiting precisely.
The overall market atmosphere is positive, with consecutive daily gains. Prices are rising along the upper Bollinger Band, supported by volume, and the upward channel is intact, making the probability of continued increases high. The one-hour level has entered normal consolidation after a rise, and the expansion of the Bollinger Band indicates there is still room for movement. However, KDJ has entered the overbought zone, so caution is needed for short-term technical corrections or fluctuations. If trading volume declines during consolidation, selling pressure will be limited, and after adjustment, there is hope for continued upward movement. Operations should align with the trend, avoiding chasing highs, and attention should be paid to low-buy opportunities when prices pull back to important support levels, along with careful position management. If the market breaks through the consolidation zone with increased volume, the upward space will further open.
Bitcoin: 91500-92000 range for long positions; target focus on 94000.
Ethereum: 3230-3260 range for long positions; target focus on 3400.
