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Hold the line on principal, maintain a passion for continuous learning, use discipline to resist impulses, and be patient to wait for cycles. May you stay calm in the crypto wave, grasp the rhythm accurately, and ultimately harvest your own definite returns in the cycle rotation.
Looking back, yesterday midnight Bitcoin market experienced a strong surge, with the price rising from the evening low of 92,370 to the midnight high of 94,760. Ethereum's market followed Bitcoin's movement, with the price also rising strongly from the evening low of 3,132 to the midnight high of 3,266.
From the current market situation, the daily chart has formed a one-sided continuous bullish upward pattern, with the price continuously operating above the upper band of the Bollinger Bands. The bullish momentum shows no signs of weakening. On the 4-hour chart, with the highs gradually moving higher, the bulls are showing a sustained wave of upward attacks, and the technical patterns exhibit significant one-sided trend characteristics.
From the combined verification of moving averages and technical indicators, short-term moving averages are arranged in a bullish alignment, while medium- and long-term moving averages are supporting upward and diverging. All indicators remain in the overbought zone, indicating that the current bullish trend still has momentum and room for further upward movement.
Operationally, it is recommended to continue buying on dips.
Trading suggestions:
Bitcoin: around 93,000, target 96,000
Ethereum: around 3,150, target 3,500