In the early hours of today, the market continued its previous upward trend, briefly testing around 115.6K before quickly pumping up to around 117.6K. The long positions made a strong push, causing the coin price to rapidly rise to the current high point. The coin price is still oscillating around 117.5K. I had already clearly indicated in my thoughts last night that the market would further continue its upward trend. Our live positions in long positions were entered at 116149, and we strongly captured a space of 1367 points at 117516. Ether took down a space of 65 points, and the subsequent layout is still held. Many viewers and friends in the live channel followed Zhi Yu's rhythm and made a good profit during this wave of the market in the early hours. The swing trading for the early morning's market was once again precisely handled.

From the daily chart, the coin price has formed a strong bullish candle that has forcefully broken through the middle track, and the bullish engulfing structure also reflects a relatively obvious uptrend. The continuous upward divergence of the KDJ indicator indicates that the current uptrend is likely to continue further. From the four-hour chart, the coin price has rapidly broken through the upper track with consecutive large bullish candles, forming an overbought condition. The current coin price is still above the upper track, and with the four-hour closing approaching, the market has already formed a situation where the coin price is waiting for the indicators to catch up. The Bollinger Bands are continuously expanding, which will further open up the upward channel for the future market. Additionally, there has been no obvious trend reversal signal in the current market, so our bullish outlook remains unchanged, and we will continue to adopt a strategy of buying on dips.
The Bitcoin is long near 117000, watch around 118500, the Ethereum is long near 3870, watch around 3970.
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