From the current market situation, on the daily chart, the price gradually rises as the upward channel opens. During this period, it consolidates the bottom through weak retracements before continuing upward. Bullish momentum continues to be released, with the moving average system showing a consistent upward trend. The overall trend has been confirmed as bullish and is difficult to reverse. On the four-hour chart, the running channel remains upward, with the price steadily climbing along the upper band, showing a one-sided upward pattern. The overall trend is also dominated by bulls. Short-term retracements during trading are actually a buildup for a surge, and for subsequent operations, it is recommended to continue adopting a buy-the-dip strategy.
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1.4 Sunday BTC/ETH Silk Sharing
From the current market situation, on the daily chart, the price gradually rises as the upward channel opens. During this period, it consolidates the bottom through weak retracements before continuing upward. Bullish momentum continues to be released, with the moving average system showing a consistent upward trend. The overall trend has been confirmed as bullish and is difficult to reverse. On the four-hour chart, the running channel remains upward, with the price steadily climbing along the upper band, showing a one-sided upward pattern. The overall trend is also dominated by bulls. Short-term retracements during trading are actually a buildup for a surge, and for subsequent operations, it is recommended to continue adopting a buy-the-dip strategy.
Bitcoin is positioned in the 90100-89800 range for a long position, targeting around 92600.
Ethereum is positioned in the 3080-3100 range for a long position, targeting around 3240.
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