$BTC The market has never been built overnight; the evolution of trends often requires repeated fluctuations and accumulation. Just like today's BTC and ETH movements, the coin prices gradually formed effective upward momentum after multiple confirmations at key support levels. Whether it's Bitcoin forming a double bottom in the 116000 area or Ethereum stabilizing and rebounding at the 3020 line, both indicate that a true trend breakthrough requires time for accumulation and coordination of volume. Bitcoin formed a double bottom support in the 116019-117017 area and then oscillated upwards, retreating after first touching 18195 to build momentum, and then rebounding again to consolidate around 119310. Ethereum also strengthened simultaneously, with prices rebounding from the low of 3029, continuously breaking through the two key resistance levels of 3151 and 3174, forming a bullish structure with progressively higher peaks. The multi-trade ideas provided by Yunlu in the morning were all successfully realized, with Bitcoin gaining over 2100 points and Ethereum capturing nearly 160 points from two long positions.
The technical analysis shows that Bitcoin has a golden cross on the 1-hour moving averages and a second MACD golden cross, indicating short-term bullish dominance. If it can stabilize above 119310, it is expected to further test the 121000-122000 resistance area; if it falls below the 117017 support, it may retest around 115500. In terms of technical indicators, Ethereum's Bollinger Bands are widening, and after the KDJ correction, there is still upward space. If it breaks through 3174, the next target looks towards 3220, with key support below in the 3080-3100 area; a drop below this could lead to a retest of the 3030-3050 range. One should be cautious of the risk of pullbacks due to previous high pressures and external market fluctuations, and if signs of a high pullback or double top appear, timely profit-taking and exit are necessary.
Bitcoin suggestion: After stabilizing in the 117500-118000 range, take a light long position with a target of 121000 and a stop loss at 116000;
Ethereum suggestion: If it stabilizes around 3120-3140, continue to add long positions with a target of 3220 and a stop loss below 3100. #币安HODLer空投ERA