The charm of the market lies in the fact that being in it and observing the whole picture creates vastly different feelings. Today, the Bitcoin market is showing a steady upward trend. It started fluctuating from 113300 in the morning, and with the opening of the US stock market, Bitcoin began to rise more noticeably, reaching a peak of around 115500. Ethereum followed closely behind, rising in sync with Bitcoin, peaking at around 3685 in the evening. Overall, during the day, Bitcoin rose by 1863 points, and Ethereum rose by 84 points.



From a daily perspective, today's market continues the rebound momentum from yesterday, and the upward momentum of cryptocurrency prices remains strong. Currently, Bitcoin has reached the key resistance level of 115600. If it can break through this level, 117000 will likely become the next testing target.

From the 4-hour chart, the market is hovering near the upper Bollinger Band, constantly trying to break through. Technical indicators show a clear bullish trend, with K-line pushing the three Bollinger Bands to diverge upwards, presenting a typical bullish volume expansion pattern. Market momentum continues to rise, with the MACD histogram showing continuous growth, and the fast and slow lines starting to climb towards the zero axis, further validating the strengthening of the bullish trend.

Currently, a bullish trend is clearly visible. At midnight, it is important to pay attention to whether the recent high point of 115600 can be broken. For the upcoming operations, it is conservatively estimated that Bitcoin can consider going long in the range of 114800-114300, targeting 117000. As for Ethereum, one can refer to the range of 3620-3650 to go long, with the target pointing to 3750 and 3800.

In this market full of opportunities and challenges, success often belongs to those who can hold on until the end. Whether it's trading or investing, maintaining patience and clear judgment is crucial. As the market continues to evolve, we will closely watch the impact of various factors on cryptocurrency prices, including the macroeconomic situation, regulatory environment, and technological developments.
BTC0.77%
ETH0.71%
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