#BTC重返10万

Tuesday afternoon, short-term thoughts on Bitcoin and Ethereum!

With market sentiment continuously warming and institutional holdings increasing, the heat in the crypto market is reignited. Last night, the coin price surged directly past the stable 100,000 mark, and the bullish strategy validated again through the continuous performance in the ten pits. As the coin price rises above the 100,000 mark again, it brings great confidence to investors, while also reinvigorating the entire cryptocurrency market.

Currently, although the coin price has shown some pullback actions in the short term, the trend indicators across various cycles resonate with a bullish trend. After a significant rise in the 4-hour candlestick, it has not quickly retraced the gains but continues to maintain a high-level oscillation and consolidation rhythm. The bullish formation remains, and although the hourly chart shows a pullback, the strength is not significant. The lower 100,000-101,000 area has already shown some signs of support. It is expected that after the pullback adjustment, the bullish trend will continue to rise.

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For Ethereum, it also followed Bitcoin's upward pressure yesterday, reaching a high point around 3744 before also showing a pullback adjustment, with the strength also being relatively weak. The 4-hour continuous candlesticks with long lower wicks indicate obvious buying support below. In terms of operation, continue to refer to the morning strategy, mainly focusing on entering after the pullback.

On Tuesday afternoon, continue to enter bullish positions in the Bitcoin pullback area of 101,000-101,500, with the short-term target still looking at the 103,000-103,500 area, and the swing target near 105,000 remains unchanged.

For Ethereum, continue to reference the bullish area of 3600-3630, with the bullish target near 3800 remaining unchanged!

January has many overall favorable factors, including FTX's cash compensation and a potential incremental fund of 16 billion USD.

On January 20, Trump takes office, and a series of cryptocurrency bills are on the way, especially the BTC strategic reserve and the changes in the leadership of the SEC, Federal Reserve, etc. The news may begin to be digested in advance, ushering in a high-profile moment for cryptocurrency without obstacles. The end of the year is approaching, and seizing the opportunity for a turnaround is just this one move!