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The market data at midnight is basically consistent with the ideas provided in our evening live broadcast. BTC is still maintaining a fluctuating structure at midnight, testing the 120000 mark after the US stock market closes, but has not been able to hold above it. Currently, it is still consolidating around 119700. On the Ether side, the market data is extremely strong, with midnight trading reaching new highs. After briefly facing resistance at the 4500 mark, further consolidation at a high level has led to the price rising to the 4640 level, where it encountered resistance. Overall, the market is in a strong bullish phase, and due to the lack of reference points from earlier, it is currently in a situation with no resistance levels above. In this trend, it is only a matter of time before Ether reaches new peaks.
From the current market data perspective, BTC's daily chart continues to maintain a stepwise upward pump trend, currently consolidating near the upper Bollinger Band. The intraday rise has basically recovered the previous day's pullback, but such upward momentum still lacks sufficient long positions to completely open up the intraday upward channel. However, there have been some tests of breaking higher, and the larger cycle still has room for further upward movement, with the overall market still having the possibility of new highs. Looking at the four-hour chart, the trend has formed a short-term upward channel with each high point stepping up, and the consolidation range is gradually moving higher. The Bollinger Band is also following the market to form an upward structure, with any pullback in the short term serving as a consolidation for long positions. The strength of Ethereum needs no further explanation, as it is stepping up to each key point, currently just one step away from a new high. Recently, the US stock market has also been continuously breaking new highs, similar to Ethereum, so any pullback is an opportunity to go long.
BTC can be bought long in the range of 119000-119500, looking at around 121000. Ether can be cautiously bought long near 4500, aiming for around 4800. #BTC# #ETH#