In the afternoon, the market welcomed a strong bullish counterattack, with BTC reaching a high of 119,700. We timely adjusted our strategy to lay down long positions, successfully capturing over 1300 points of profit, while ETH also gained 45 points, perfectly recovering the morning losses. The current price has slightly retraced to around 118,200, but the overall trend still leans towards a bullish dominance, with the pullback possibly serving as a buildup for the next wave of upward movement.

From the chart perspective, BTC has broken through the key resistance level of 117,500 on the 4H timeframe, with MACD showing a golden cross and expanding volume, indicating a strengthening structure. It is currently testing the support range of 118,000-118,200, and if it stabilizes, it may continue to push towards the 120,000-121,000 area. ETH has also stabilized at the 3800-3810 support level, and if it maintains this correlation, there is still room for further gains. #稳定币监管风暴 $BTC

Trading Suggestions

In the short term, focus on low long opportunities near 118,000-118,200, with a stop-loss set below 117,500, aiming for a target of 119,500-120,000. If it retraces to confirm support at 117,500-117,800, consider a second round of long positions. The current trend remains bullish, so be cautious with counter-trend short positions, and strictly manage risk to avoid losses!