This early morning, Bitcoin bulls launched a strong surge, breaking through the range-bound consolidation structure in one go. After reaching a high of around 96,800, it faced resistance and pulled back; meanwhile, Ethereum also moved upward, spiking near 3,368. Since the weekend, we have been consistently indicating a target above 95,000. Currently, both Bitcoin and Ethereum targets have been precisely fulfilled.

From the current market situation, the daily chart shows four consecutive bullish days, with a strong bullish candle piercing through the upper band; the 4-hour chart indicates short-term continuous bullish momentum, fully opening the bullish pattern. At the same time, the Bollinger Bands are expanding, and the MACD indicator shows a golden cross moving upward. The overall bullish trend is unquestionable. In terms of trading strategy, it is advisable to buy on dips.

Bitcoin retracement around 94,300-93,500, aiming for 97,000-98,800. After breaking through, look for a move toward 100,000.

Ethereum retracement around 3,280-3,230, aiming for 3,400-3,500. After breaking through, look for a move toward 3,630. $BTC $ETH #美联储降息