This morning, the coin price showed a slight rebound, and then after some pullback and consolidation, stimulated by the release of the evening CPI data, the coin price surged significantly, once again reaching above 120,000. Currently, the coin price has entered a high-level consolidation phase. It is worth mentioning that during the day, Ether received stimulation from news and surged again in the evening, repeatedly refreshing previous highs, with the current high point continuing to rise. The current upward trend is still further extending, and our intraday layout has achieved very good returns (the assistant was resting and couldn't organize it in time). Currently, Ether is once again in a strong unilateral upward trend, and the market outlook remains unchanged.


In terms of Ethereum, the daily chart shows another large bullish candlestick that has pulled up, with the coin price rapidly rising consecutively and continuously breaking new highs. The coin price has once again entered an overbought state, and the upward trend in comparison has further extended. The current upward structure has a stable trend, and there is still potential for further upward momentum in the market. Looking at the four-hour chart, the coin price has rapidly risen above the upper track, and after breaking 4500, it has not seen a significant pullback but instead has steadily operated above 4500. Various indicators are accelerating upwards, with the MACD energy bar turning from negative to positive, and the fast line crossing above the slow line to form a golden cross. The Bollinger Bands are opening further and expanding, which further opens up the channel for upward movement in the market. The bullish outlook for the market remains unchanged, and we will continue to focus on buying on pullbacks.
Buy Bitcoin around 119500, pay attention to around 120500; buy Ether around 4460, pay attention to around 4560.

#BTC# #ETH# #GateioInto11#
ETH-5.15%
BTC-1.39%
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