#Gate广场创作者新春激励 1.15 Morning Bitcoin and Ethereum Market Analysis!

Looking back to the early hours, Bitcoin rebounded from around 96,180 to approximately 97,932, while Ethereum rebounded from around 3,313 to a high near 3,403. The four-hour chart shows strong potential for a breakthrough and upward movement. After a period of continuous consolidation and fluctuation, the price has established a solid support level below, with lows gradually rising and multiple bottom formations creating a stable structure. Currently, the market is showing signs of a strong upward push again. The trend has entered a single-sided upward channel, and recently, the volatility of Bitcoin and Ethereum has significantly increased. The previous continuous consolidation pattern has been broken, and the bulls are in a strong upward phase, with decreasing expectations of a pullback. The continuation of the trend is a natural process of alternating rises and falls—pullbacks during upward movements and rebounds during declines are normal. Currently, the upward momentum is continuously strengthening. For the future market, we will focus on the sustainability of the bullish trend, and short-term trading suggestions are to buy on dips. Trading advice: Buy around 96,500 for Bitcoin, target 99,000.
Ethereum: Buy around 3,300, target 3,600.

The above do not constitute investment advice!!!