Earlier today, the cryptocurrency price followed the US stock market trend and continued to rise, with the high point once breaking through the 94,500 mark. The rebound in price sets the tone for further exploration this week and also indicates that a new bull market is about to begin. My previously provided bullish outlook has once again been accurately fulfilled without doubt. The hourly price continues to fluctuate around the upper band, with the Bollinger Bands opening and expanding rapidly upward. However, there is no sign of a strong overbought condition; instead, the price continues to rise in line with the trend. This movement suggests that while the market is trending higher, there is no significant technical correction needed at this stage. Therefore, the short-term trading strategy remains clear: follow the current main trend and stay bullish.
Pay attention to a potential correction after US stock market closes later, which could present a good entry opportunity.
For Bitcoin, consider long positions around 94,200, with attention near 96,000. For Ethereum, consider long positions around 3,220, with attention near 3,400.
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Earlier today, the cryptocurrency price followed the US stock market trend and continued to rise, with the high point once breaking through the 94,500 mark. The rebound in price sets the tone for further exploration this week and also indicates that a new bull market is about to begin. My previously provided bullish outlook has once again been accurately fulfilled without doubt. The hourly price continues to fluctuate around the upper band, with the Bollinger Bands opening and expanding rapidly upward. However, there is no sign of a strong overbought condition; instead, the price continues to rise in line with the trend. This movement suggests that while the market is trending higher, there is no significant technical correction needed at this stage. Therefore, the short-term trading strategy remains clear: follow the current main trend and stay bullish.
Pay attention to a potential correction after US stock market closes later, which could present a good entry opportunity.
For Bitcoin, consider long positions around 94,200, with attention near 96,000. For Ethereum, consider long positions around 3,220, with attention near 3,400.