$ETH The art of investment does not lie in pursuing the perfect entry point, but in building a robust trading system; it is not about defeating the market, but about surpassing oneself. Those who are obsessed with short-term profits will eventually be consumed by the tides of time; only by being as steady as a mountain can one maintain their initial intentions amidst the ups and downs of the market. In the afternoon, after stabilizing around the 108300 line, the price quickly rebounded to the high point near 109500 for consolidation. The trading idea provided by Yunlu for Bitcoin at 108200-108400 for long positions successfully captured over 900 points of space, while Ethereum stabilized around 2600 before rebounding to the high point near 2664 for consolidation, with the long strategy near 2610 in the afternoon capturing nearly 50 points of space in sync with Bitcoin.
From a technical perspective, the 1-hour EMA12 (108800) has crossed above EMA26 (108600), and MACD has broken through the zero axis. The resistance above is focused on the previous high of 109500 and the psychological barrier of 110000, while support is referenced at the daily lows of 108800 and 108300. The 4-hour ascending channel for Ethereum (2580-2680) remains intact, with increased trading volume. Short-term support is at 2630/2600, and resistance is at 2665/2680. Currently, the market is dominated by bulls, but caution is needed for the risk of pullbacks after highs. Key attention should be paid to the breakout situation for Bitcoin at 110000 and Ethereum at 2680, as well as the volatility that may be triggered by the opening of the U.S. stock market.
Bitcoin suggestion: Stabilize at 109000-109200 for long positions, target 110000-110500, stop loss at 108700.
Ethereum suggestion: Lightly position long orders between 2640-2650, target 2680-2700, stop loss at 2620.
