$BTC The baptism of the crypto world tests faith; lying low in the trough is all for the climb. The hardships sharpen will, igniting the desire for victory. Last midnight, Bitcoin's price first rose to a peak around 119550 before facing pressure and falling back, until the price touched a low of 118709, at which point it halted, followed by a rebound. Early in the morning, the price reached a high of 119747. Ethereum's market synchronized with Bitcoin, with the price rising to a high of 3868 before falling back, until it touched a low of 3816 early in the morning and then rebounded. Last midnight, Yang Jie’s team respectively entered positions for Bitcoin and Ethereum at 118747 and 3809, with Bitcoin gaining 950 points and Ethereum gaining 51 points.

From the market performance, after three consecutive bearish days, the daily level has seen a two-day bullish rebound. The Bollinger Bands maintain an upward opening shape, with the middle band moving upward as well, and the previous bearish candles have longer lower shadows. This signal highlights the strong support property of the Bollinger Bands' middle band; as long as this position is not broken, the probability of a continued bullish trend is high. Switching to the four-hour level, the market exhibits a stepped upward characteristic, with prices continuously approaching the upper band of the Bollinger Bands. The current K-line has formed a series of bullish patterns, with the overall trend clearly dominated by bulls. However, it is important to note that during the upward movement of the bullish candles, longer upper shadows remain, indicating that there is some selling pressure above; thus, the market will likely first experience a technical correction before launching a new round of upward exploration.

On Monday morning, it is recommended to set long positions in Bitcoin in the range of 118500-119000, with a target of 123000.

On Monday morning, it is recommended to set long positions in Ethereum in the range of 3810-3840, with a target of 3950#以太坊交易量反超比特币 .