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Last week, the market experienced some fluctuations, and this morning finally saw a surge. Bitcoin bottomed out around 77,100 over the weekend, currently rising to about 79,455. Ethereum bottomed around 2,298 and has risen to about 2,403. Our positions in Bitcoin and Ethereum have both seen gains, with Bitcoin gaining over a thousand points and Ethereum gaining 50 points. The market is so tradable; as long as you hold onto your positions, you can naturally profit.
Bitcoin has broken through the previous high again, with the daily chart taking the Bollinger middle band as the baseline, climbing just below the upper band, forming a wave of oscillating upward movement. The upward trajectory is good, with a clear trend. Although each new high is followed by a pullback, it quickly returns to the trend, maintaining a bullish pattern with continuous slow gains and new highs. After oscillating near the middle band on the 4-hour chart and stabilizing, it broke through the upper band again, resulting in a strong rally. The current support below is around the middle band at 77,800. As long as this support holds, the upside remains a buying opportunity. Today, breaking 80,000 could lead to further continuation. In terms of trading, as long as there is a pullback, you can enter the market promptly.
Bitcoin can be bought around 79,000-78,500 with a target near 82,000; Ethereum can be bought around 2,390-2,360 with a target near 2,500.