In the afternoon, the market exhibited a strong rebound. After stabilizing near the low point of 116581, it quickly rebounded, first touching the high point of 118655 before slightly retreating to a low of 117555. The price then rebounded again, reaching a high of 119500 before consolidating. Ethereum's performance lagged relatively, falling from around 3719 to a low of 3618 before quickly rebounding to a high of 3721 for consolidation. Yunlu accurately captured this rebound, with Bitcoin long positions gaining 1526 points and Ethereum long positions earning 71 points.
The technical analysis shows that the strong support zone for Bitcoin is between 117500-117800, while the important resistance area is 119500-120000; Ethereum has a key support level at 3620-3650, and a breakthrough above 3750-3780 is expected to lead to further gains. In terms of indicators, Bitcoin's 1-hour MACD shows a golden cross with increased volume, and RSI has risen to 68 indicating short-term overbought; Ethereum's 4-hour KDJ has formed a golden cross with moderate volume expansion. It is crucial to pay attention to the speeches of Federal Reserve officials in the early morning and changes in contract funding rates. The current market volatility has intensified, and it is recommended to strictly control positions and focus on key level breakthroughs.
Bitcoin suggestion: Buy on a pullback near 118800-119000 (stop loss 117200)
Ethereum suggestion: Buy below 3700 (stop loss 3650), target 3780-3820.
The essence of market volatility is to find inner peace amidst the rise and fall of numbers. Those screens flickering in the deep of night, those trend lines drawn and redrawn, those trading plans scrutinized repeatedly, will ultimately crystallize into your unique market intuition. This is not the end, but an endless journey of cultivation—meeting a better self in every fluctuating number, in every alternating candlestick.
