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In the early hours of Tuesday morning, the activity of the cryptocurrency market increased significantly, and Bitcoin showed strong upward momentum, successfully breaking through several key resistance levels and singing all the way, breaking through the 109,000 level, and then approaching the 110,000 integer mark with a solid uptrend. At the same time, Ethereum also showed a synchronized upward trend, and the price quickly climbed to near the 2720 area. Bitcoin's strong breakthrough has brought it back close to the "110,000 mark", and the current market correction is a normal price fluctuation.
From a technical perspective, Bitcoin's trend is transitioning from an hourly timeframe to a daily timeframe, with a strong and prominent bullish candle forming on the daily chart. Observing the four-hour level, the price has clearly broken through the upper Bollinger Band, which is usually seen as an important signal for a trend reversal; on the hourly chart, the three Bollinger Bands are showing an upward expansion trend, indicating that bullish momentum is continuing to strengthen, and the current market is entering a brief consolidation phase. Combined with today's early price movements, investors should focus on bullish entry opportunities after a pullback.
Bitcoin price range analysis: bullish trend in the 109800-110000 range, target price level 111000-111500
Ethereum price range analysis: bullish around 2700, target price level 2730-2750