The price of Bitcoin has broken through to 104,373, very close to the shark pattern that the gentleman mentioned looking towards 106,000. Currently, the market is experiencing significant FOMO, and Ethereum is expected to rebound to 2,300, with a two-day target of 2,500. Ethereum has risen over 20% in a single day, showing strength comparable to the explosive growth period in early 2021.

The logic of Bitcoin—Ethereum—altcoins—MEME that has been discussed for years still applies, so there’s no need to elaborate as everyone is aware. The gentleman has never been one to FOMO; while others say we are turning bearish, he has consistently maintained that the bull market is still ongoing, so even with a rise back to over 100,000, there will be no FOMO, just wait for a pullback to buy low.

Bitcoin

Strongly broke through 100,000 to 104,347, just 6,000 points away from the previous high. It has also entered a heavy pressure zone, so it is not recommended to chase the rise; instead, wait for a pullback to buy low. Specific points to consider are 92,000—95,000.

The weekly MACD has crossed the zero axis, with signs of crossover between the fast and slow lines. The upper Bollinger Band on the weekly chart is around 106,000, while the shark pattern on the daily chart is near 0.886. From a weekly perspective, it cannot be ruled out that it may touch the previous high.

Support: 92,000—95,000—97,600

Resistance: 106,000—110,000

Ethereum

In three days, it has surged 40%. After a 13-day consolidation, we have also reminded to only look for long positions. The logic remains Bitcoin—Ethereum—altcoins—MEME, with a daily rebound below 0.382, and 2,550 is also the previous large bearish engulfing pattern facing upward resistance at 2,856.

Support: 2,100—2,300

Resistance: 2,550—2,856

If you like my views, please like, comment, and share. Let’s navigate through the bull and bear markets together!!!

This article is time-sensitive and for reference only; it is updated in real-time.

Focusing on K-line technical research, sharing global investment opportunities. Public account: BTC Trading Gentleman Fusu

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