Monday afternoon Bitcoin and Ethereum market analysis and operation suggestions

In the morning market, Bitcoin started a volatile upward movement from the 87402 point line, reaching a key resistance level of 90373 points before a slight pullback; Ethereum also followed suit, rebounding from a low of 2922 points and peaking around 3056 points. In the morning, we seized the trend, placing two rounds of Bitcoin long positions, accumulating over 2000 points of space; Ethereum long positions were also followed up, achieving over 60 points of profit in a single transaction, successfully realizing the market.

From the current market perspective, after confirming support at the daily level, a strong bullish candle initiated a rebound, with both the upward momentum and amplitude exceeding expectations. After breaking through the high, the price closed at a high level, currently consolidating by exchanging time for space, and a bullish unilateral pattern has been initially established. In terms of technical patterns, the price has broken through the recent volatility range, completing a top-bottom conversion after breaking through previous highs, which aligns with the logic of a bullish trend in a strong market; this was also the main basis for our morning recommendation to follow up on long positions. After a consolidation phase, the small cycle has made consecutive bullish moves, refreshing the stage high; currently, the K-line body is full, with strong continuity, and slight pullbacks provide further support for upward movement. During the day, pay attention to the continuation space after breaking key resistance, and it is recommended to mainly follow up on long positions at low levels.

Operation suggestions:

Bitcoin focus on long position opportunities around 88300-88800, target at around 90600.

Ethereum focus on long position opportunities around 2960-2980, target at around 3100.