#BTC 2.26 Latest Bitcoin and Ethereum Market Analysis and Trading Recommendations

In the early hours, the bulls launched a fierce attack, with Bitcoin and Ethereum jointly breaking through key resistance levels, establishing a complete upward structure! Bitcoin has gained over 8% in the past 24 hours, reaching a high of $69,999, approaching its all-time high; Ethereum has surged by 14%, completely breaking out of the long-standing consolidation range and demonstrating a strong upward momentum.

From the daily chart perspective, Bitcoin has successfully broken through the critical resistance at $67,500, opening the way to challenge its previous all-time high. As long as it can hold above the support zone of $68,000-$68,500, breaking $70,000 and setting a new record high is only a matter of time. Ethereum's breakout is even more significant, with a volume-driven surge past the long-term box of $2000-$2100, a result of consolidation over the past month. With MACD and KDJ indicators both forming bullish crossovers and diverging upward, the upward structure is very solid. Support levels below are well established, and the next target will directly challenge the $2200-$2300 zone.

Although the hourly chart shows a slight pullback after the price surged, this is a normal technical correction following a breakout, aimed at clearing out short-term profit-taking and consolidating the foundation. The key point is that trading volume during the pullback has significantly decreased, indicating limited selling pressure. Major funds have not exited the market; instead, this signals healthy accumulation. For investors who missed the initial move, this pullback often presents an excellent opportunity to enter on the right side.

Market sentiment has already shifted, and the bullish trend is unstoppable. Once Bitcoin successfully stabilizes above $69,500, it will likely trigger a chain reaction of stop-loss orders from short-sellers, accelerating the upward movement. It is recommended to maintain a bullish outlook, hold long positions at lower levels, and monitor support around $67,500 for Bitcoin and $2020-$2050 for Ethereum. Enter positions selectively and patiently wait for the next rally.

At midday, consider going long on Bitcoin near $68,000 with a target of $70,000.
At midday, consider going long on Ethereum near $2040 with a target of $2150.