Learn during the lows, be clear-headed during the highs. The cryptocurrency market only rewards those who take action; don't wait to take action after a surge. Reflecting on the midnight period, the cryptocurrency price showed a continuous rise, with volatility remaining high. Bitcoin rose from a low of 89288 to a high of 93547 before facing resistance, followed by a slight pullback. Ethereum mirrored Bitcoin's movements, rebounding from around a low of 3153 until the early morning when the price reached around 3272 before stopping the decline, followed by a period of consolidation. Our bullish outlook at midnight was perfectly validated.
From the analysis of the 4-hour cycle, Bitcoin quickly surged to the previous high point with a strong bullish candle and then slightly retreated. It is currently in a high-level consolidation phase, with the candlestick pattern showing alternating bullish and bearish formations. The price has not undergone a deep retracement, confirming that the bullish strength still dominates. This round of sideways movement represents a typical trend continuation accumulation structure. Under the premise of maintaining the overall upward trend, after the consolidation phase ends, the price is expected to strike again at the previous high. Observing the 1-hour cycle, the price remains in a sideways trend within the upper band area of the Bollinger Bands, with the channel's opening continuously narrowing and market volatility significantly contracting. This technical characteristic suggests that a directional choice is imminent. In terms of operational strategy, it is recommended to continue with a bullish approach, gradually placing long positions in key support intervals to seize trading opportunities for upward breakthroughs.
Bitcoin: Long positions in the 91500-92000 range, target focus on 94000.
Ethereum: Long positions in the 3170-3200 range, target focus on 3350.
