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The early trading session also broke through the key resistance level of 69500 as expected. After a slight pullback to around 68300, the market stopped falling. Following a second rebound that gradually broke through 69500, it provided further bullish continuation. Currently, the highest recovery is around 70500, facing resistance at this level. The key resistance above is at 70800. Ethereum's price movement is consistent with Bitcoin; this morning, it pulled back to around 1980 to stop the decline. The rebound has seen increased bullish volume, with current resistance at around 2050.
In recent corrections, we have maintained a bullish outlook, viewing pullbacks as buying opportunities. In real trading, we continued with a low-buying strategy, entering long positions around 68400 in the morning, and taking profits near 70500, capturing a 2100-point gain. The same applies to the "Auntie" position, which also gained 60 points.
From the current market perspective, after reaching a high and then pulling back on the daily chart, the price has entered a consolidation zone. Yesterday's large bullish candle faced resistance at 69500. After today's morning close, bulls resumed volume-driven upward movement, reclaiming the second resistance level. The price has again recovered to a high-pressure zone from previous consolidation. Given the continued volume increase in the bullish trend, the market still has potential to push higher.
Looking at the four-hour chart, after the morning close, the price pulled back to the bottom, forming a secondary high. After touching the downward trendline and undergoing short-term consolidation, it broke out again to the upside. Yesterday's live session also discussed the key resistance at 69500. After breaking through, attention should be paid to the pressure above 70000, especially around 70800. Currently, the upward attempt has not extended much; the long upper shadow indicates some hesitation. After the high, the market pulled back, and we should watch whether the downward trendline can lead to a top-bottom reversal, forming a consolidation before a continued bullish move.
Bitcoin can continue to attempt longs around 69500, targeting 70800-72000. Ethereum can aim for longs between 2010-2030, with a target near 2100. $BTC $ETH