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Today’s morning session looked at the trends of BTC and ETH, and I think it’s worth discussing.
From a structural perspective, Bitcoin has experienced a strong rally and is now in a phase of digestion at high levels. The four-hour chart is quite interesting—continuous higher lows, firmly above the short- and medium-term moving averages, with clear lower shadows on each pullback, indicating that there are buyers accumulating at the bottom. This kind of movement suggests that the overall trend remains intact; the high points are not signs of distribution but rather a healthy consolidation.
Switching to the one-hour timeframe, after a volume-driven surge, the price has entered a sideways consolidation zone. The candles are mostly small-bodied, and the center of gravity has not shifted downward, which is actually a buildup pattern following a breakout. The bulls still control the market; as long as key support levels are not broken, there’s potential for further upward movement.
From a technical perspective, trading ideas are as follows: for BTC, consider going long within the 90500-90000 range, with a target around 91800. For Ethereum, the range of 3130-3100 can be considered, with a target near 3180.
However, these are purely technical analyses. Actual trading should be adjusted according to your risk tolerance.