$ETH Watching the market at 3 a.m., watching the candlestick chart bounce like an electrocardiogram. A two-point rise makes me excited and I want to stay up all night, while a five-point drop makes me worry. People say, "Hold on to your chance," but after three days, you panic like a rabbit, only to sell and double your money the next day. Only those who have experienced this know the feeling. Last night, the price of Bitcoin experienced a slight rebound. Bitcoin hit a low of 113,531 before stabilizing and recovering. This morning, it reached a high of 114,728, then remained volatile, currently consolidating around 114,300. Ethereum also rebounded, rising from its morning low of 34,530 to consolidate around 3513.
Technical analysis shows that after falling below 3400, Ethereum quickly rebounded and broke through the key resistance of 3500, reflecting a fierce battle between bulls and bears. Currently, we need to watch whether Bitcoin can break through the resistance levels of 115,000 and 3,550 for Ethereum. If these levels hold, the rebound could continue; otherwise, it may retest support. Last night, the price hit a low of 113,531 before rebounding. If it can successfully break through the resistance level of 114,728, further upside potential is expected. Conversely, if it fails to break through and falls back, the support level of 113,531 will be tested more severely. If Ether can break through 3,513 and continue its upward trend, upward potential will be expanded. If it fails to break through, it may continue to fluctuate and consolidate in the 3,453-3,513 range. For this morning's strategy, we recommend buying on dips.
Bitcoin recommendation: Buy around 113,800-114,000, with a target of 116,500.
Ether recommendation: Buy if it stabilizes between 3,480-3,500, with a target of 3,600.
