Liang Qiu: Bitcoin/Ethereum pullback triggered another expected rally; a break above key levels would likely lead to further gains.

We repeatedly suggested buying on pullbacks around 86000 and 2800 for Bitcoin/Ethereum throughout the day. After several pullbacks, the price rallied, reaching highs of 87650 and 2874 respectively, allowing our buy orders to profit. The price is now near a key level, specifically the short-term resistance at 88000 and 2880, which coincides with the middle Bollinger Band on the 8-hour chart. A break above this morning high (and thus the middle Bollinger Band) would likely open up further upside potential, with targets at 89000 and 2940.