The fluctuations in the price of $ETH coins are like the ups and downs of life. When prices rise, there is no need to become overly proud; when they fall, there is no need to belittle oneself. It teaches us that true composure is not about avoiding volatility, but about holding onto the inner anchor amidst the ebb and flow, knowing why we started, so we are not afraid of a bumpy journey. In the morning, the price reached a high of 108468 before falling back to around 107400, then moved in a fluctuating upward trend, with an afternoon high of 108341 before consolidating. Ethereum fell from 2553 to a low of 2522, then also moved in a fluctuating upward trend, reaching a high of 2562 before consolidating. After successfully realizing profits from the short position suggested in the morning, Yunduo again provided a reversal strategy for going long, capturing over 800 points in Bitcoin and nearly 40 points in Ethereum.
The technical analysis shows a rising wedge formation on the 4-hour chart, with a MACD golden cross but insufficient momentum. Key resistance levels are 108500-109000, and support levels are 107800-107200. Ethereum moves in sync, rebounding 40 points between 2522-2562, with short-term resistance at 2570-2580. Caution is advised regarding fluctuations in U.S. Treasury yields. The current market maintains a fluctuating pattern, and it is recommended to flexibly seize swing trading opportunities.
Bitcoin suggestion: 108000-108200 light long (stop loss at 107700, target at 108800), 108800-109000 attempt short (stop loss at 109300)
Ethereum suggestion: 2550-2560 low long (stop loss at 2535, target at 2590), 2580-2590 short (stop loss at 2605)
