During the evening to early morning hours, the price once again surged upward, reaching the upper high point around 82,828. After encountering resistance above, a short-term pullback occurred. Currently, the lowest point has come down to around 81,073. Ethereum's trend is quite similar to Bitcoin's, also reaching a high point and facing resistance. The highest so far is just below 2,422, and the pullback has not significantly affected the overall trend. In the intraday strategy, Lao Chen repeatedly advised going long, chasing longs, and even buying at the current price, with targets set around 83,000, only about 100 points away. In live trading, students who followed the long entries have gained at least 1,000 points, with some swing trades even capturing over 2,000 points. Ethereum's profit margin is also around 70 points. This market trend definitely shouldn't be viewed with a bearish mindset; if one wants to short, they can only wait for a pullback after the surge.
From the daily chart, a large bullish rally is again evident, with considerable room for growth. The price has already stabilized above 81,000 and hasn't shown a significant pullback, indicating that the bulls are firmly in control. Therefore, there is still some space for upward movement in the future. Looking at the four-hour chart, the KDJ indicator's three lines are trending upward, and the bullish momentum bars are also expanding, showing ample energy. Two large bullish candles stand out prominently, and the price has completely broken free from the previous wide-range oscillation zone. The bullish trend has fully opened up. After the evening's price action, the previous support has completed a top-bottom reversal. The next resistance level is around 83,500. If this level is broken, the market may continue to reach new highs.
In the early morning, Bitcoin is mainly trading around 81,200-81,000, with a target of 83,000. Ethereum is trading around 2,330-2,300, with a target of 2,450.