$BTC Cryptocurrency baptism tests faith, low valley hibernation is only to rise high. Bumpy tempering of will, further ignites the desire for victory. Yesterday at midnight, the Bitcoin market first rose to a high point of 119550, then fell under pressure until the price touched a low of 118709, stopping there, and then rebounding again. In the early morning, the price reached a high of 119747, while Ethereum's market synchronized with Bitcoin, with the price rising to a high of 3868 before falling, until it touched a low of 3816 in the early morning and then rebounded. At midnight, Yang Jie’s team entered positions for Bitcoin and Ethereum at 118747 and 3809, respectively, with Bitcoin gaining 950 points and Ethereum gaining 51 points.

From the market performance, after three consecutive bearish days, the daily level has shown a two-day bullish rebound. The Bollinger Bands maintain an upward opening shape, the middle track is moving up simultaneously, and the previous bearish bars have long lower shadows. This signal highlights the strong support property of the middle track of the Bollinger Bands. As long as this position is not broken, the probability of continued upward movement remains high. Switching to the four-hour level, the market displays a stepwise upward characteristic, with prices continuously approaching the upper track of the Bollinger Bands. The current candlestick has formed a consecutive bullish pattern, and the overall trend is clearly dominated by bulls. However, it should be noted that the bullish bars have left long upper shadows during the upward process, indicating that there is some selling pressure above. Therefore, it is highly likely that the market will first experience a technical correction before embarking on a new round of upward exploration.

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

On Monday morning, it is recommended to place long positions in Ethereum in the range of 3810-3840, with a target focus on 3950#巨鲸动向 .