Yesterday, Bitcoin quickly rebounded after testing a low of 116,370 in the early morning, rising to 119,720 in the afternoon, with bulls gaining nearly 3,300 points. The Zhuowei team timely positioned themselves to gain 2,849 points; in the afternoon, Bitcoin oscillated in a range, and the team used a short-term strategy to place evening long orders, gaining another 515 points, totaling 3,364 points for the day. Ethereum rose unilaterally, and the team gained 130 points.
From a technical perspective, the price broke below the lower Bollinger Band and then rebounded after a significant drop on the four-hour level. Although bears have momentum, they have not broken yesterday's low, with clear support below. Currently, there is slight oscillation in a small range, and bulls and bears are balanced. On the hourly level, after a drop, bulls rebounded with three consecutive bullish candles, and the KDJ three lines are turning up and converging, with a golden cross expected to support a short-term rebound.
Tuesday's operation suggestion: Long Bitcoin near 117,000, target 119,000, stop loss 116,000;
Long Ethereum near 2,730, target 3,900, stop loss 3,600
