1.7 Market Analysis:

After a stretch in the evening yesterday, the price of Bitcoin has successfully broken through the 100,000 mark, currently quoted around 102,000. By analyzing the trendlines, it can be determined that it has smoothly surpassed just above 100,000.Support level.At this point, the strategy for Bitcoin should be to wait for a pullback to continue buying. The next resistance level will firmly lock in at 103,800, ultimately aiming for a breakout to new highs. Currently, from the hourly chart,the MACDindicates that it has already entered a period of upward pullback. It is not advisable to enter longs at the moment; patience is needed to wait for the right opportunity. The best entry point, as identified by Huoge, is around 100,800, which is the golden Fibonacci retracement level of the historical highest point. Now let's take a look at Ethereum: First, regarding the overall direction: continue to be bullish, and significantly bullish! The current price is around 3,680, which is a good entry point for long positions. From the price trend of ETH/BTC, it can be observed that after three years of a major downtrend, both the daily and weekly charts have entered the MACDGolden cross.indicating a transition. Furthermore, the monthly chart has also begun to shift from a sell market to a buy market. This suggests that for a considerable length of time in the future, ETH/BTC’s price can be expected to go up. In conjunction with the current bull market in a larger cycle, Ethereum's price is likely to not only break past historical highs soon, but even see prices above 7,000!!! Today's operating suggestions: For Bitcoin, buy below 101,300, with a stop at 100,300. Target above 103,000. For Ethereum, buy below 3,670, with a stop at 3,630, and a target above 3,720.