$ETH At three o'clock in the morning, I watched the K-line jump like an electrocardiogram. I was so excited about a two-point rise that I wanted to stay up all night, and I was so worried about a five-point drop that I could lose hair. Others say, 'Hold on to it for a chance,' but after holding for three days, you panic like you’re carrying a rabbit. The day after selling, it doubles directly; this feeling is known only to those who experience it. Last night, the currency price saw a slight rebound. Bitcoin reached a low of 113531 before stabilizing and rising, peaking at 114728 this morning, and then maintaining volatility, currently consolidating around 114300. Ethereum also rebounded, rising from a morning low of 34530 to consolidate around 3513.
The technical analysis shows that after Ethereum broke below 3400, it quickly rebounded and broke through the key resistance of 3500, reflecting intense bullish and bearish battles. Currently, we need to pay attention to whether Bitcoin can break through the 115000 resistance and Ethereum 3550. If it stabilizes, the rebound may continue; otherwise, it may test the support level again. After the currency price touched the low point of 113531 last night and rebounded, if it can effectively break through the resistance at 114728, further upward space is expected to open up; conversely, if it cannot break through and instead falls back, the test of the support level at 113531 will intensify. If Ethereum can break through 3513 and continue upward, the upper space will be expanded; if it cannot break through, it may continue to oscillate between 3453 - 3513. This morning, we can follow the low bullish strategy.
Bitcoin suggestion: Buy near 113800-114000 with a target of 116500.
Ethereum suggestion: Stabilize around 3480-3500 for a long position, target 3600.
