Looking at the current market situation, Bitcoin is maintaining a high-level oscillating uptrend with steady rhythm. On the 4-hour level, it's steadily rising with support from moving averages, with pullbacks not effectively breaking through the midline, only completing profit-taking with small bearish candles. Market bullish sentiment still dominates, and buying support below remains strong. On the hourly level, after the rally it's entering range consolidation, with pullbacks showing rapid needle reversal and stabilization recovery characteristics. On the daily level, consecutive bullish candles have broken through previous box resistance, with a clear mid-term uptrend pattern. Key focus should be on whether bulls can break through the previous high of 75998. Trading recommendations focus on retracement-based long entries following the trend.
Trading Recommendations: Bitcoin: Long near 73500, target around 75000 Ethereum: Long near 2300, target around 2380
Morning Market Analysis
Looking at the current market situation, Bitcoin is maintaining a high-level oscillating uptrend with steady rhythm. On the 4-hour level, it's steadily rising with support from moving averages, with pullbacks not effectively breaking through the midline, only completing profit-taking with small bearish candles. Market bullish sentiment still dominates, and buying support below remains strong. On the hourly level, after the rally it's entering range consolidation, with pullbacks showing rapid needle reversal and stabilization recovery characteristics. On the daily level, consecutive bullish candles have broken through previous box resistance, with a clear mid-term uptrend pattern. Key focus should be on whether bulls can break through the previous high of 75998. Trading recommendations focus on retracement-based long entries following the trend.
Trading Recommendations:
Bitcoin: Long near 73500, target around 75000
Ethereum: Long near 2300, target around 2380