Recently, the cryptocurrency market has shown a positive rise trend, with Bitcoin ( BTC ) and Ethereum ( ETH ) both demonstrating strong upward momentum.

From a technical analysis perspective, the daily chart of Bitcoin shows a significant bullish candlestick, indicating that bullish strength is increasing. The hourly chart shows that BTC is in a fluctuating upward trend, with higher highs and higher lows, clearly indicating an upward trend in the short term. The overall trend of Ethereum is similar to that of Bitcoin, also displaying a bullish-dominated market pattern in the short term.

Further observation of the hourly technical indicators reveals that the MACD indicator is in the red bar zone, and the DIF line has crossed above the DEA line, further confirming the enhancement of bullish momentum. However, investors should remain cautious as there are signs of a shortening red bar, which may indicate the risk of a pullback in the short term. The RSI indicator is currently around 63, close to the overbought area, which also suggests that there may be certain adjustment pressure in the short term. Nevertheless, the overall bullish pattern has not changed. In terms of moving averages, EMA7, EMA30, and EMA120 show a bullish arrangement, providing strong support for the price.

For investors intending to participate in the market, they may consider placing long positions in the Ethereum range of 4450-4500, with a target price around 4600. For Bitcoin, they could consider placing long positions in the range of 117700-118000, targeting around 119000. However, regardless of the type of investment, it's essential to operate cautiously, set reasonable stop-losses, and closely monitor changes in short-term indicators to respond timely to potential market adjustments.

It is important to note that the cryptocurrency market is highly volatile, and investors should conduct thorough research and risk assessment before making any investment decisions. Market conditions change rapidly, and it is crucial to adjust strategies in a timely manner and maintain flexibility.