The midnight market movement largely met expectations, first pulling back to around 96,500, giving us the opportunity to enter a long position.

Subsequently, the price surged twice, attempting to break through the resistance at the 98,000 level. Although it couldn't successfully break through, there was still over a thousand points of profit to be gained from this move.

After making a short position profit at midnight, the long position entered according to the established plan easily secured a profit of 930 points.

In comparison, Ethereum's movement was relatively weaker, with the long position set at midnight only offering a profit potential of 38 points.

From the current market perspective, Bitcoin began to pull back after testing the peak twice, entering a phase of consolidation and correction, with the volatility gradually narrowing.

The daily chart has shown three consecutive bullish candles, indicating a clear short-term bullish trend, with attention needed on the resistance around the 30-day moving average at 98,200.

Looking at the hourly chart, the Bollinger Bands are narrowing upwards, and the price is gradually stabilizing above the middle band. The bearish volume is insufficient, and the pullback is limited, so we continue to favor the bullish trend this morning, and we can look to buy on dips.

Bitcoin: Long at 96,600 - 96,900, targeting 98,500.

Ethereum: Long at 3,430 - 3,450, targeting 3,550.

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