Thought it was a breakout, but it turned out to be a feint! Isn't it too dramatic? Bitcoin has stabilized around the 118,000 line today, and the highest it reached was only around 118,400. However, Ethereum has made a small upward move again, challenging the high to reach the 3,840 line, then stopped and pulled back, currently around 3,810. The rhythm has shifted back to a震荡 (fluctuation), and we don't know how long it will consolidate, making people anxious!

From the current market perspective, there is a significant characteristic of the tug-of-war between bulls and bears. The previous market trend was completed by a bullish candlestick that effectively boosted the confidence of market bulls. Additionally, on the hourly level, a bullish candlestick successfully broke through the upper pressure level. As long as Bitcoin stabilizes at the 117,800 position tonight and Ethereum holds above 3,800, then it should rise tonight. In the evening, we will rely on the support below to capture long positions at lower levels.

Bitcoin Strategy: Long near 117,800, target 119,300

Ethereum Strategy: Long near 3,800, target 3880 #GalaxyDigital抛售比特币 $BTC