Yesterday, PPI data came in worse than expected, and amid the synchronized weakness in the US stock market, Bitcoin staged an impressive counter-trend rally. The price touched around 98,000 near the end of the session before encountering resistance and pulling back, but the strength and sustainability of this rebound are worth noting.

From the daily chart, continuous bullish candles have driven the price higher, and upward momentum remains relatively strong. Under this rhythm, continuing to go long towards the 100,000 level is the preferred choice. Once the rebound peaks sufficiently, consider short positions with targets locked between 100,000 and 102,000. Short-term pullbacks are opportunities to enter.

Specific trading idea: Consider going long Bitcoin in the 95,800-96,300 range, with a recent target of 98,500 and a swing target aiming at the 100,000 level. For Ethereum, go long around 3,285-3,305, with a target near 3,420 and a swing target of 3,500.

The market rhythm is still ongoing, and no reversal signals have appeared in the strong trend. Continuing to follow the trend is the main strategy at this moment.