In this kind of market, you build up your power for two days and still pull me up by 1,000 points? For ETH, it’s even stronger—can it push higher with 100 points of upside space? Yesterday, the market first stabilized at the 64,200 low; it then oscillated and gradually lifted the center of gravity. Bullish-side capital steadily entered the market to absorb and support, and along the way it built up, consolidated, and finished accumulating momentum. Afterwards, the bulls concentrated their efforts and quickly surged upward, topping out and reaching the 65,500 high. After hitting the high, concentrated profit-taking from short-term holders was realized; the coin price quickly dropped from the peak, forming a “spike-and-retrace” move (a rise to a high followed by a pullback). Currently, the price has fallen back to the 65,000 area and is consolidating and readjusting. In the short term, upward momentum has somewhat weakened, and it has entered a brief pullback phase after the rise.

Overall, the current market is still operating in an upward “build-up” rhythm. The previous pullback failed to break through the key support levels, which means the bottom support is being gradually strengthened. However, in the short term, the market inevitably goes back and forth to repair through oscillation; the space for this pullback is very limited. The support defense line remains intact, and the market still has the drive to push higher again. From the technical structure, the 4-hour timeframe shows a triangle-oscillation pattern, with bulls and bears pulling back and forth, and the continuation of a one-direction trend is relatively weak. There is overhead pressure suppressing price action, and at the same time the bears’ downside probing momentum is also clearly insufficient. The game between both sides is extremely tense, and in the short term there is likely to be a round of technical adjustment. After that, the market still has the conditions to spike higher again. From an execution perspective, the recommended core approach remains to hold the idea of going long on the pullback to lower levels.

BTC around 64,500 Target 66,000
ETH long in the 1,920–1,910 range Target 2,000#直通IPO第二期JerseyMikes ‌$BTC ‌‌ $ETH