When the red and green candlesticks start to dance, what you see is not just the fluctuation of numbers, but the naked confrontation of millions of traders' greed and fear—each abrupt bullish candle tempts you to "chase again," while each menacing bearish candle coerces you to "cut losses immediately." The true hunter always watches coldly as market sentiment collapses. Remember: the 'iron bottom' you firmly believe in may be a carefully arranged slaughterhouse by the big players, and the 'crash' you fear is often a trick of violent market manipulation. When all communities are shouting 'go all in,' smart money has already quietly exited. The early trading of Bitcoin perfectly demonstrated our expected bullish trend, with the price rebounding strongly after stabilizing at the key support level of 119,000, successfully breaking through the psychological barrier of 120,000 and standing firmly above 120,200. This trend verifies the strong characteristics of the current market, where every dip becomes a good opportunity for bulls to enter. Meanwhile, Ethereum's rebound trend continues to gain momentum, breaking through key resistance to form a standard technical pattern, with the potential for continued strength in the future.
From the market structure perspective, Bitcoin's 4-hour level presents a typical ascending channel, with a MACD golden cross confirming sufficient upward momentum along with increased trading volume. 119,000 has transformed into a strong support level, and after effectively breaking through the round number of 120,000, it has become a new support platform. Ethereum shows even stronger rebound momentum, with the W-bottom pattern targeting the 4,000 level. Volume and price alignment indicates there is still upward space ahead.
Bitcoin strategy: Buy around 119,500-120,000, target 121,500
Ethereum strategy: Buy around 3,620-3,640, target 3,730
