#BTC #ETH Looking back at the market conditions today, Bitcoin price strongly dipped to around 116490 in the morning, then the bulls launched a powerful counterattack, reaching a high of around 119777 in the afternoon, and currently correcting around 118400. Lao Hu has repeatedly suggested a bullish strategy today, entering a long position on a dip when the price fell to around 116700 in the morning, then exiting around 118500 during lunch, earning over 1700 points, with Ethereum also gaining 101 points. In the evening, a pullback occurred as well; it is still recommended to seize the opportunity during the pullback, primarily focusing on a bullish strategy.
Hourly analysis shows that the overall trend today is a volatile upward trend; although the bulls launched a counterattack, they were quickly pushed back by the bears. At the same time, the Bollinger Bands are gradually narrowing, which indicates that market volatility is decreasing in the short term. After price consolidation within a certain range, it is highly likely that the current upward trend will continue, with the bulls expected to exert force again to push the price upwards.
Trading suggestions
Bullish around 118000 for Bitcoin, targeting 120000; if broken, continue to look upwards.
Bullish around 3770 for Ethereum, targeting around 3900.