1.3 Bitcoin/Ethereum Break Through Range Consolidation, Market Rebounds After Bottoming Out

Bitcoin/Ethereum broke through the recent daily high of 90600 and 3080 respectively last night, ending several days of consolidation, and the trend is about to reverse. The long position we set up last night after Ethereum stabilized above 3080 has also gained good profit. This is the same daily high point we emphasized multiple times in the past few days. Currently, new short-term support has formed around 3050 and 88500 on the downside. In terms of candlestick patterns, recent candles show an oscillating upward trend, with prices gradually rising from around 2980 and 87000 to approximately 3150 and 91000. The daily chart shows a long lower shadow bullish candle, indicating strong support below, followed by consecutive small bullish candles, showing that the bulls are in control. Technical indicators DIF and DEA are both diverging upward, with the red bars continuously expanding, indicating a current bullish trend, but short-term pullback risks should be watched carefully.

Trading Suggestions: Buy near 89300-89800 for Bitcoin, target around 91800; buy near 3070-3090 for Ethereum, target around 3160-3200.