The big coin rose by 5000 points overnight yesterday, it was truly a crazy day. During the period from last night to early morning, the bulls continued to push up, and the high point reached near 35980, breaking this year's new high. This surge is believed to have been unexpected for both the bulls and the bears. In terms of news, 1. At 4 am this morning, the US SEC accepted Grayscale's Ethereum spot ETF application for filing. 2. The US court officially ruled in favor of Grayscale against the US SEC. These two pieces of news boosted market sentiment. One can imagine what kind of scene it will be when the Ethereum spot ETF is approved.

Looking at the daily chart, the price has risen strongly for 6 consecutive days, and the upward space of the running channel has been forcefully opened. The bulls have maintained continuous volume on the upside, and the moving averages are all maintaining an upward trend. Structurally, the Bollinger Band is upward, and the coin price is running above the upper track. The KDJ three lines have formed a golden cross and are diverging upwards, and the MACD has formed a golden cross with continuous bullish energy columns. The RSI three lines are in the overbought zone. At this position, everyone must manage their positions well!

Market analysis:

Looking at the four-hour chart of Bitcoin, the Bollinger Band is opening upwards, and the coin price is running above the upper track. The MACD has a golden cross downwards, with bullish energy columns increasing. The KDJ three lines are about to form a death cross and move downwards, and the RSI is in the overbought zone.

From a four-hour perspective, Ethereum's Bollinger Band is opening upwards, and the coin price is running above the upper track. The KDJ three lines have formed a golden cross parallel to the upside, the MACD has formed a golden cross with increasing bullish energy columns, and the RSI index is in the overbought zone.

Trading strategy:

Short-term strategy for Bitcoin: Go long near 34000, with a short-term target of 34600 and a second target of 35100.

Short-term strategy for Ethereum: Go long near 1810, with a short-term target of 1865 and a second target of 1945.

—I am Jin Yifan, a "teacher" dedicated to analysis. Friends who have questions about operations or trends can communicate and learn together! You can consult about market trends and operations.

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