The market remains strong, with bulls continuing to increase their positions during the afternoon, and the price continues to rise. The market once again reached the resistance point around 98400, where it stopped rising. The damage to the altcoin was inevitable after the morning's pullback, but the price has continued to recover upwards, showing signs of further climbing. Although the long positions set in the afternoon did not reach the take-profit point, they were still closed with decent gains, with Bitcoin gaining 900 points and the altcoin gaining 36 points.

Let's discuss the current market outlook. Last week's rally did not break the 100,000 mark, and over the weekend, there was a pullback of four to five thousand points, which led to many bearish voices in the market. But is the bull market really over? The thinking of many people right now is that a sharp rise is followed by a sharp fall. I want to say that many people do not understand the definition of a bull market. In a bull market, a weekly rise followed by a weekend pullback of five thousand points—can that really be considered a deep correction? If you don't dare to go long in a bull market, the outcome of a bear market is simply not being bearish. If you can't hold onto a big trend, then where is the opportunity for a turnaround? As long as the market does not break below the overall starting point, the bull market will not end. Finally, I remind everyone that a few thousand points of pullback within a day is normal, so please adjust your position management accordingly.

From a technical perspective, the mid-line support on the hourly chart helped the market bounce back after reaching a high, but the K-line did not continue to rise and break through. The Bollinger Bands also did not show a clear trend of upward expansion, and the overall structure's resistance point is around 98400. The KDJ indicator on the hourly chart is also gradually converging, showing signs of a death cross, indicating that there will still be some pullback space in the short term. However, the overall bullish outlook remains unchanged, and we are waiting for a pullback to continue to look bullish.

You can go long on Bitcoin in the range of 97500-98000, targeting around 99200. For the altcoin, you can go long in the range of 3340-3370, targeting around 3450.

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