Monday Afternoon Bitcoin and Ethereum Analysis:

During the early hours, Bitcoin surged to 118856 but faced resistance and retraced, with bears pushing it down to 116370 in two waves; it is currently oscillating around 118000. Ethereum similarly surged to 3826 but faced pressure, dipping to a low of 3680, and has now rebounded to above 3740.

The technical aspects show clear bullish characteristics: short-term moving averages are diverging upwards, mid-term moving averages are firmly above the middle line support, MACD has a golden cross above zero accompanied by expanding red bars, and KDJ remains strong at high levels without showing a death cross; overall, it is still dominated by bulls.

Afternoon Trading Strategy:

Bitcoin: Buy around 117500-117000, target 119500, with a stop-loss below 116800.

Ethereum: Buy around 3720-3700, target 3800, with a stop-loss below 3700.