Based on the current market performance analysis, the price has experienced a pullback under pressure but has not continued the downward trend, and has subsequently started a rebound. The current price is operating in the upper band range of the Bollinger Bands. Although the bullish volume has shrunk to some extent, it still supports the price in maintaining a consolidation pattern, with the overall operating channel gradually flattening, and the moving average system showing a crossover arrangement. From a short-term perspective, the market is still accompanied by a volatile adjustment trend, but this trend belongs to the pullback accumulation phase within a bullish trend and has not changed the medium- to long-term bullish direction. Observing from the four-hour level cycle, the price operating channel shows a downward convergence trend. After a corrective upward movement touches the upper channel pressure level, there has been no immediate pressure-induced decline. The volume aspect exhibits characteristics of a bullish pattern with continued expansion, providing momentum support for price increases; the moving average system maintains a winding upward operating rhythm, and the overall consistent upward trend remains intact. In the smaller time frame, the price's recovery trend is robust, and the short-term box consolidation trend further highlights the weakness of bearish pressure, significantly limiting the market's downward space. Overall, the current market is in the accumulation phase of a bullish trend, with limited downside risk, and it is recommended to primarily focus on establishing long positions at lower levels.
Bitcoin: It is recommended to establish long positions near the range of 87300-87000, with a target towards 88888.
Ethereum: It is recommended to establish long positions near the range of 2930-2910, with a target towards 3050.