1.7 Morning Thoughts

After Bitcoin broke 100,000, it has remained high, and the pullback space is quite limited. From the current trend, the breakout momentum is strong. Currently, Bitcoin's daily line has continuously achieved 7 consecutive gains, with the price directly climbing above the MA30 moving average. Although there was a pullback at midnight, the strength was still minimal. The focus going forward is whether the price can stabilize above the 100,000 mark. In terms of Bitcoin, its upward trend is quite obvious. From the technical indicator MACD, the current market is in a strong upward phase. To continue breaking through, we need to pay attention to this key position near 106,057. The 1-hour chart shows that Bitcoin is currently in a high-level fluctuation near 102,000, with the pullback not being obvious. The bullish energy bars continue to increase, and the KDJ three lines are currently in a converging state, remaining in a grinding repair state. The overall direction still looks bullish, and short-term operations are recommended to primarily focus on buying on pullbacks, as betting on high positions is relatively dangerous!

Bitcoin: Buy on pullback near 101,200-101,500, aiming for 103,000-103,500; if broken, can look at 105,000.

Ethereum: Buy on pullback near 3,630-3,650, aiming for 3,740-3,760; if broken, look at 3,850.