Ethereum broke out its own rhythm in the early morning, rising strongly, reaching a high of 3150, which is 50 points more than our expectation of 3100. Bitcoin has continuously set new highs, and Ethereum has finally caught up with the rhythm.
Although Bitcoin did not have a significant surge in the early morning, it reached up to 118200, with multiple tests of the support around 116200 that have not been effectively broken, showing signs of bottoming out, laying the foundation for subsequent rebounds.
Overall, the market rhythm is clear, and the structure is stable. The focus going forward will be on the effectiveness of support and the continuation of the rebound rhythm.
