$ETH The market is never achieved overnight; the evolution of the market often requires repeated fluctuations and accumulation. Just like today's BTC and ETH trends, the coin price gradually forms effective upward momentum after confirming key support levels multiple times. Whether it's Bitcoin forming a double bottom in the 116000 area or Ethereum stabilizing and rebounding around the 3020 line, both indicate that a true trend breakthrough requires the sedimentation of time and the cooperation of volume. Bitcoin has formed a double bottom support in the 116019-117017 area and has risen after fluctuating, retreating after touching 18195 for the first time, and then rebounding again to consolidate around 119310. Ethereum has also strengthened simultaneously, with the coin price rebounding from a low of 3029, consecutively breaking through the two key resistance levels of 3151 and 3174, forming a bullish structure with gradually rising highs. The long positions suggested by Yunlu in the morning have all successfully taken profit, with Bitcoin gaining over 2100 points in one long position and Ethereum making nearly 160 points in profit from two long positions.
The technical aspect shows that Bitcoin's 1-hour moving averages have golden crosses and the MACD has a second golden cross, indicating that short-term bulls are dominant. If it can stabilize above 119310, it is expected to further test the pressure zone of 121000-122000; if it breaks below the 117017 support, it may pull back near 115500. In terms of technical indicators, Ethereum's Bollinger Bands have widened, and after the KDJ correction, there is still upward space. If it breaks through 3174, the next target looks towards 3220, with key support located in the 3080-3100 area; if it breaks below, it may pull back to the 3030-3050 range. One should be cautious of the retracement risks brought by previous high pressures and external market fluctuations; if a high point retreat or double top signal occurs, one should take profit and exit in a timely manner.
Bitcoin suggestion: Long lightly after stabilizing in the 117500-118000 range, target 121000, stop loss at 116000;
Ethereum suggestion: If stabilizing around 3120-3140, continue to layout long positions, target 3220, stop loss below 3100. #币安HODLer空投ERA