Early this morning, the market experienced a strong surge, with BTC directly reaching $94,478, and Ethereum also climbing to around $3,383. The trading volume was quite decent, indicating that the bulls are indeed gaining momentum. This upward trend is mainly supported by two factors: first, the market's optimistic expectations regarding the Federal Reserve's policy direction; second, technical indicators showing several breakout signals.
However, on the other hand, such a rapid rise also brings a problem—technical indicators are already in overbought territory. Under these circumstances, the market is likely to need a consolidation phase to digest this rally. Therefore, chasing the high at this price level carries significant risk.
**BTC Trading Strategy:**
A prudent approach is to wait for the price to retrace to the support zone of $93,600–$93,800, then take a small long position. If the correction deepens further, the strong support zone of $92,800–$93,000 can be used to enter in batches. Set the stop-loss below $92,500, and target levels are sequentially $94,500 and $95,000.
Another key point: if the price can break out with volume after consolidating and surpass $94,500 (the Asian session high), then the upside potential could open up to $95,000 or even $96,000.
**ETH Momentum:**
Ethereum's movement is closely linked to BTC, with similar strength, but the 4-hour technical indicators also show overbought signals, indicating that short-term pullback pressure is quite significant.
The core idea for long positions remains to buy on dips. Watch for a retracement at the support zone of $3,230–$3,250. For a more solid entry point, the region of $3,180–$3,200 is more stable. Set the stop-loss below $3,150, and look for targets around $3,350–$3,380.
For more experienced traders with higher risk tolerance: if the price hits the strong resistance zone of $3,380–$3,430 and shows signs of stagnation (such as long upper shadows), consider trying short positions with a small size. But stop-loss must be strict, within $30–$50, with targets near $3,300.
**Overall Strategy Summary:**
After a strong breakout, the short-term trend remains bullish, but the risk of a technical correction definitely exists. The trading approach is clear: mainly buy on dips at key support levels, and avoid chasing the high during rapid upward moves. The most reliable method is to patiently wait for the price to return to critical support before acting. Lastly, emphasize that position sizes should be small, and strict stop-loss and take-profit levels are essential for long-term survival.
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Early this morning, the market experienced a strong surge, with BTC directly reaching $94,478, and Ethereum also climbing to around $3,383. The trading volume was quite decent, indicating that the bulls are indeed gaining momentum. This upward trend is mainly supported by two factors: first, the market's optimistic expectations regarding the Federal Reserve's policy direction; second, technical indicators showing several breakout signals.
However, on the other hand, such a rapid rise also brings a problem—technical indicators are already in overbought territory. Under these circumstances, the market is likely to need a consolidation phase to digest this rally. Therefore, chasing the high at this price level carries significant risk.
**BTC Trading Strategy:**
A prudent approach is to wait for the price to retrace to the support zone of $93,600–$93,800, then take a small long position. If the correction deepens further, the strong support zone of $92,800–$93,000 can be used to enter in batches. Set the stop-loss below $92,500, and target levels are sequentially $94,500 and $95,000.
Another key point: if the price can break out with volume after consolidating and surpass $94,500 (the Asian session high), then the upside potential could open up to $95,000 or even $96,000.
**ETH Momentum:**
Ethereum's movement is closely linked to BTC, with similar strength, but the 4-hour technical indicators also show overbought signals, indicating that short-term pullback pressure is quite significant.
The core idea for long positions remains to buy on dips. Watch for a retracement at the support zone of $3,230–$3,250. For a more solid entry point, the region of $3,180–$3,200 is more stable. Set the stop-loss below $3,150, and look for targets around $3,350–$3,380.
For more experienced traders with higher risk tolerance: if the price hits the strong resistance zone of $3,380–$3,430 and shows signs of stagnation (such as long upper shadows), consider trying short positions with a small size. But stop-loss must be strict, within $30–$50, with targets near $3,300.
**Overall Strategy Summary:**
After a strong breakout, the short-term trend remains bullish, but the risk of a technical correction definitely exists. The trading approach is clear: mainly buy on dips at key support levels, and avoid chasing the high during rapid upward moves. The most reliable method is to patiently wait for the price to return to critical support before acting. Lastly, emphasize that position sizes should be small, and strict stop-loss and take-profit levels are essential for long-term survival.