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From early morning to dawn, the trend still largely aligns with expectations, with no major errors. Although U.S. stocks declined after opening last night, it did not affect the subsequent bullish surge. The short-term bottom still remains above 80,000, and the momentum for further upward movement is quite sufficient, reaching around 82,098. The overall idea and market trend are basically consistent, but Ethereum is slightly underperforming. Its lukewarm movement has resulted in limited range recently, whether it's a pullback after a rally or a rebound after a dip, both feel somewhat tasteless and regrettable. The Bitcoin price of 81,000 mentioned in last night's live broadcast was successfully validated overnight, gaining 1,000 points.
From the current market structure, it appears to be consolidating sideways in the short term, with the four-hour price stabilizing between the middle and upper bands of the Bollinger Bands. The short-term movement is characterized by higher highs and higher lows, with each attempt to break higher met with a pullback. The overall trend remains quite torturous, with neither bulls nor bears establishing effective continuation. In the short term, the market mostly shows bullish rebounds, with pullbacks also occurring but insufficient to change the current strong structure. The overall trend is still in a sideways upward oscillation. Similarly, the four-hour upward channel remains solid, with price pullbacks being suppressed by the upward trendline, preventing sustained declines. Given the slow pace of short-term movements, we should participate by shorting at the high and buying at the low within the range.
On Tuesday morning, Bitcoin is around: 81,500-81,300, with a buy target of 83,000.
Ethereum: 2,320-2,300, with a target of 2,450.