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Reviewing the intraday market, this morning's coin price continued yesterday's upward trend, with the price steadily moving in a slow, tugging, oscillating upward trend. The high point once tested 71,400. Today during the U.S. session, the price showed a pattern of initial decline followed by a rebound, continuing the previous upward trend overall. Recently, the high point was again refreshed above 77,000. Currently, market fluctuations are gradually contracting, and the price has entered a high-level sideways consolidation phase. I clearly indicated a bullish outlook in the evening, and the market has once again provided perfect validation. The intraday spot Bitcoin achieved a perfect victory with a 4-1 bullish pattern, gaining 4438 points of space; Ethereum also gained 152 points. Such a perfect result is thanks to our timely adjustment of the morning strategy. To catch the trend's fast train, maintaining a calm and clear mind at all times is an essential key. Our counter-position recruitment plan is still in full swing. Friends who continue to follow us are encouraged to join in and experience it firsthand.
Looking at Bitcoin on the 4-hour chart, after touching the support at the low point and bouncing back, the current price quickly broke through and moved above the 71,000 mark. The frequent long-shadow candles on the 4-hour chart indicate that the current upward movement is not smooth sailing but is accompanied by fierce battles between bulls and bears. It is also a fierce contest between news sentiment and technical indicators. However, the overall trend remains bullish dominance, with the Bollinger Bands continuously expanding upward, opening an upward channel for further price surges. In the short-term hourly chart, the current hourly price has been oscillating and tugging between the middle and upper Bollinger Bands. The upward trend structure is stable, bullish momentum remains strong, the Bollinger Bands continue to expand steadily, and the KDJ indicator lines are diverging upward again. After the correction and consolidation phase ends, we expect the continuation of the upward trend. The current bullish outlook remains unchanged; pullbacks are opportunities to add positions.
Bitcoin is long around 70,500, watch for 72,000. Ethereum is long around 2,040, watch for 2,120.