$BTC 3.17 PM Bitcoin and Ethereum Market Analysis and Trading Suggestions

From the current chart structure, the market has entered a strong controlled uptrend pattern. On the 4-hour level, coin prices have consistently relied on the upper Bollinger Band rail, presenting a steady oscillating upward movement. Although the market is not experiencing a one-sided violent rally, this "two steps forward, one step back" slow bull trend often indicates more sustainable momentum. It's worth noting that despite significant volatility, each rally high is accompanied by certain pullbacks to wash out weak hands, yet the lows of each pullback keep rising higher, and prices have already far exceeded the support area of the middle band. This technical pattern indicates that the buying support below is very strong, and the current market trend is still firmly controlled by the bulls. Ethereum, as a leading indicator, has also demonstrated the same strong momentum, further confirming the overall market recovery.

Switching to the 1-hour short-term level, the bulls' intention is clearer. We can see that coin prices consistently move upward along the upper Bollinger Band rail, and this way of running tightly along the super-strong track is a typical characteristic of bull control. Although after refreshing highs, the market did experience a certain degree of pullback correction, this is not a trend reversal. In strong trends, sharp rises followed by slow declines are the norm. These rapid pullbacks are often the process of technical indicator repair, designed to wash out uncertain short-term chips and clear obstacles for subsequent rallies. This pullback seems more like accumulating strength for the next push higher. Once the pullback correction is complete and stabilizing signals appear, we remain firmly bullish. The coin price in the later market will likely continue to seek upside breakthroughs and reach new heights.

In the afternoon, Bitcoin can go long around 73500, with a target of 75500
In the afternoon, Ethereum can go long around 2300, with a target of 2400#比特币站上7.5万美元