The strong market trend has been validated once again. After a day of higher trade volumes in BTC, it has reached a new high. The overall trend is consistent with our previous thoughts of breaking higher for continuation. Currently, it has surged to around 123,700, although it has faced some resistance. However, the overall trend shows a further upward movement, and the market is still expected to continue breaking through. On the Ethereum side, it is also far ahead of BTC, consistently breaking higher recently. Although a historical new high was created during the day, the overall market is just one step away from reaching that high point. Such a breakout in the market is only a matter of time.

The daily structure of BTC continues to rise in a stepwise manner, breaking the upper boundary of the overall trading range, with further breakout at the closing point. Currently, there is no resistance above, and in such a market, an increase in long positions can also lead to a further upward move after a pullback. Even if there is a correction in the short term, it will only be a minor adjustment, and the overall price will still stabilize further at the 122000 mark to reach higher levels. On the indicators, the MACD fast and slow lines have diverged again, marking the third divergence. This upward movement is essentially the tail wave structure of a larger cycle. This breakout above the high point will still have more room, and combined with the previous pullback expectations, it may rise to the 135000 mark. In the short term, the pullback will not be too large, and after some high-level fluctuations for adjustments, it will further break out and rise. The overall strategy should continue to focus on long positions, and do not be afraid of heights.

BTC can be long positions in the range of 122000-122500, looking at around 125000. Ether can be long positions near 4700, looking at around 5000. #BTC#