$ETH In the ups and downs of the cryptocurrency market, we have all been seekers of light. Each fluctuation on the candlestick chart resembles the folds of life—there is the ecstasy of sudden surges and the suffocation of sharp declines, and more often, there is confusion and waiting in sideways movements. Some use leverage to bet on tomorrow, some endure long nights on faith, some get lost in chasing trends, and some learn to show respect when cutting losses. On weekend evenings, Bitcoin's price experienced a slight pullback to the low point of 117796 before a strong rebound, touching a high of 118904 near midnight. Ethereum's price maintained an upward trend throughout the evening, reaching a high of 3794. After the market provided a certain pullback, Yunlu decisively seized a rebound, entering a long position in Bitcoin near 117879 and exiting near 118678, gaining 800 points. The long position in Ethereum was entered near 3743 and exited near 3821, gaining 78 points.
According to the current market, the four-hour level shows that after a long period of consolidation, the bulls are starting to gain strength, as the price breaks through the middle band of the Bollinger Bands, thus breaking the consolidation range. Although the market has retraced somewhat, the MACD indicator's fast and slow lines are gradually converging, showing signs of forming a golden cross. Overall market sentiment is clearly strong. From the one-hour level, the market shows a five consecutive bullish candlestick pattern, breaking above the upper band of the Bollinger Bands before retreating under pressure. The KDJ and RSI indicators show downward movements in all three lines, but the MACD indicator's dual lines continue to extend upwards without giving clear signals of a trend reversal. Therefore, the current pullback is just a normal correction, so for midnight operations, we can first observe the strength of the pullback and engage with a low-long strategy.
Bitcoin suggestion: Buy near 117500-118000, targeting 119500-120000 for a breakout to continue upwards.
Ethereum suggestion: Buy near 3750, targeting 3850-3900, and continue upwards if it breaks through.
