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Recently, Bitcoin's trend has indeed become quite interesting. Currently, the main coin is repeatedly testing above $96,000, with a high approaching $97,900, and it's not far from the key level of $100,000 and the 50-week moving average. Historical experience tells us that the 50-week moving average is an important watershed for judging long-term trends—once it is effectively broken above this level, the medium-term bullish pattern is likely to shift, and a new bullish rally may follow. Those pullbacks that previously seemed like "bear traps" actually indicate that the short-term correction pressure has mostly been released, and the bullish forces are brewing beneath the surface.
Looking at the performance of altcoin Ethereum, a quite standard inverse head and shoulders pattern has appeared on the weekly chart. The neckline of this pattern is around 0.042 ETH. If a volume breakout occurs above this level, based on technical analysis targets, the price could surge to around 0.066 ETH, which is approximately a 95% increase. Interestingly, this pattern is very similar to the early stage of Ethereum's explosive growth from 2019 to 2021, when ETH also outperformed Bitcoin.
In terms of trading strategy, consider accumulating in batches when Bitcoin retraces to around $94,500–$95,000, with a target range of $96,500–$99,000. For ETH, a good entry point is around 3240–3260, with subsequent targets looking toward 3400–3500. Of course, the market is ever-changing, so proper risk management is essential.