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The bullish performance over the past week has indeed been fierce. BTC has steadily pushed up from 92,000, recently reaching the 96,500 mark, and ETH has also surged to around 3,350. This rebound has been much stronger than many expected.
Real traders should have taken quite a few profits this week. Orders placed at 92,000 were closed at 94,500 for a 2,500-point gain, then adding positions to chase higher resulted in another 2,000 points. ETH also gained 120 points, with the rhythm being quite tight. Honestly, such market conditions are not common.
Currently, the market has slightly pulled back, but the strength is weak, and no significant downward continuation has formed. From a technical perspective, the four-hour Bollinger Bands continue to expand upward, indicating that bullish momentum is still present. On the hourly chart, the retracement to the middle band faces resistance, which looks like a trap for short-sellers—downward momentum is clearly weakening.
Based on the current pace, there’s no need to change the strategy of buying on dips after the correction. Specifically, BTC still has entry opportunities around 94,500, targeting 96,500; ETH can be bought around 3,260, with a target of 3,350. The market rhythm is set here; the key is not to fall behind at critical points.