$BTC In this never-sleeping market, every morning plays out the cruelest redistribution of wealth. Some wake up to unexpected surprises, discovering that their lightly positioned long orders from the night before have doubled with the early morning surge; others wake up to face nightmares, seeing their heavily leveraged positions precisely harvested by a single needle. Behind this dramatic contrast lies the simplest truth in the cryptocurrency world: your risk control awareness determines your waking expression. In the afternoon, the price fell from a high of 118404 to around 117470, then quickly rebounded to the high point of 118861. In the evening, the price fell back to around 117583 and stabilized. The afternoon's strategy for a long position near 117200 successfully gained over 1200 points. Ethereum fell from a high of 3029 to a low of 2965 in the afternoon, then stabilized and rebounded, reaching a high of 3039 before falling back to around 2970 for consolidation. The afternoon strategy for a long position in Ethereum captured over 60 points of space.
From a technical perspective, the market is currently in a strong consolidation phase. Bitcoin's moving averages across all time frames remain in a bullish arrangement, and there are no obvious signs of capital outflow during the pullback. Ethereum continues to operate in a high range after breaking through, with strong market support. Both major cryptocurrencies exhibit typical upward continuation patterns, with key support levels at 117500/116800 and active buying. Regarding key positions, there is clear support below Bitcoin, while there is still room for testing above. Ethereum needs to pay attention to the breakthrough of the previous high of 3030, as the support platform below is relatively solid. The market overall maintains a strong pattern, but short-term volatility may intensify. Investors should remain rational, avoid blindly chasing highs and cutting losses, and reasonably control position sizes.
Bitcoin suggestion: Stabilize and enter long positions around 117600-117800, target 118500-118800, stop loss below 117200.
Ethereum suggestion: Consider laying out long positions in the 2960-2975 range, target 3010-3030, set stop loss below 2940.
