This recent wave of market movements has truly been full of surprises, one after another. Since last night, the bulls have shown strong momentum, with Bitcoin suddenly gaining strength around 92,000, surging straight to 96,800 in the morning. Ethereum followed suit, reaching 3,380. After some consolidation during the day, the market picked up again in the evening, with Bitcoin continuing to hit new highs and reaching 97,650, while Ethereum climbed to 3,404.



The current trend is still pushing upward, and the bullish momentum is quite fierce. From the four-hour chart, continuous bullish candles are driving prices higher, with the candlesticks hugging the upper band of the Bollinger Bands, causing the entire market to be steadily lifted. The three Bollinger Bands are also widening, with the middle and upper bands moving further apart, indicating strong bullish energy. On the hourly chart, the bullish trend is unmistakable, with ongoing momentum providing strong support for further gains.

Although the market has broken previous highs again, there are certainly resistance levels above. In the short term, a period of consolidation is very likely, which is a normal adjustment phase. Therefore, the next strategy should focus on pulling back to support levels to add long positions, waiting for better entry points.

Trading suggestions:
- For BTC, consider entering long positions in the 97,000-96,500 range, targeting 99,000
- For ETH, look for long opportunities between 3,360-3,330, with a target of 3,450

Overall, as long as the resistance above is not effectively broken, the bullish story can continue.
BTC1.82%
ETH0.3%
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