Yunlu Trend Theory: After testing the key support of 116000 with a sharp decline in coin prices in the morning, Bitcoin rebounded to around 118000 for consolidation. Will the bullish trend be able to break through again in the future?

As the new week begins, the cryptocurrency concept stocks in the US stock market are experiencing a new wave of event-driven increases.

Among them, Trump Media & Technology Group (DJT) announced that based on the previously declared Bitcoin reserve strategy, it has already held nearly $2 billion in Bitcoin and related securities. The company disclosed that these holdings account for two-thirds of the approximately $3 billion in liquid assets of the listed company.

The morning market showed fierce volatility, with Bitcoin quickly dropping from 116138 and then rebounding strongly, successively breaking through two key points at 118010 and 118655, currently consolidating around 118200; Ethereum fluctuated in sync but with slightly less strength, rebounding from 3696 to 3799 before falling back to around 3650. In the morning, Yunlu provided a long position strategy, with Bitcoin entering the first order at 116554, and immediately advising students to exit at 117905: the second order was entered by students at 117242, and they were advised to exit near 118500, with a total profit of 2675 points from both orders; Ethereum's first order was entered at 3726 and exited at 3793: the second order was entered at 3720 and exited shortly after.

The technical analysis shows that Bitcoin has formed a double bottom support between 116500-116800, and strong resistance lies between 118600-119000; for Ethereum, 3600-3650 is the key support area, while 3800-3850 is the important resistance level. In terms of indicators, Bitcoin's 4-hour MACD shows a recovery in bullish momentum, and RSI has risen to 58; Ethereum's 1-hour KDJ has formed a golden cross, and the trading volume indicates a decrease in selling pressure. It is crucial to pay attention to tonight's US initial jobless claims data and the changes in the perpetual contract funding rates. The current market is still in a phase of intense long-short competition, and traders are advised to strictly manage risks and focus on key level breakthroughs.

Bitcoin Suggestion: Long position at 116800 (stop loss at 116000); short near 118200-118500.

Ethereum Suggestion: Long near 3650 (stop loss at 3620) or short at 3780 (stop loss at 3820).

The market, like life, has its ups and downs, which is normal. True financial freedom is not about the explosive growth of account numbers, but about the freedom of mindset. May you navigate the waves in the crypto world, both riding the winds and waves, and also sitting steadily on the fishing platform.