In the early hours, Bitcoin and Ethereum jointly launched a bullish rebound with strong momentum. Among them, Bitcoin's 24-hour increase exceeded 8%, with the price reaching a high of around $69,999 before slightly pulling back, currently trading near $69,300. Ethereum performed even more prominently, with a 14% increase over 24 hours. Although it retreated from a high of $2,149 to around $2,110, it has overall completely shaken off the previous consolidation range.
On the daily chart, Bitcoin has successfully broken through the key resistance level of $67,500, opening up space to challenge its all-time high. The current focus is on whether it can stabilize above the support zone of $68,000-$68,500. Ethereum has broken out of the long-term consolidation box of $2,000-$2,100 with increased volume. Both MACD and KDJ indicators have formed golden crosses and are diverging upward, indicating a solid upward structure. The next target will be to challenge the $2,200-$2,300 region. It is important to note that on the hourly chart, after a sharp rise, the price slightly retraced, which is a normal technical pullback after a breakout. If the retracement volume decreases, it signals healthy accumulation.
Bitcoin strategy: Buy near 68,300-68,800, target 70,500 Ethereum strategy: Buy near 2,070-2,085, target 2,180
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In the early hours, Bitcoin and Ethereum jointly launched a bullish rebound with strong momentum. Among them, Bitcoin's 24-hour increase exceeded 8%, with the price reaching a high of around $69,999 before slightly pulling back, currently trading near $69,300. Ethereum performed even more prominently, with a 14% increase over 24 hours. Although it retreated from a high of $2,149 to around $2,110, it has overall completely shaken off the previous consolidation range.
On the daily chart, Bitcoin has successfully broken through the key resistance level of $67,500, opening up space to challenge its all-time high. The current focus is on whether it can stabilize above the support zone of $68,000-$68,500. Ethereum has broken out of the long-term consolidation box of $2,000-$2,100 with increased volume. Both MACD and KDJ indicators have formed golden crosses and are diverging upward, indicating a solid upward structure. The next target will be to challenge the $2,200-$2,300 region. It is important to note that on the hourly chart, after a sharp rise, the price slightly retraced, which is a normal technical pullback after a breakout. If the retracement volume decreases, it signals healthy accumulation.
Bitcoin strategy: Buy near 68,300-68,800, target 70,500
Ethereum strategy: Buy near 2,070-2,085, target 2,180