$ETH Bitcoin has sufficient momentum for a short-term rebound, focusing on long positions in the morning

Do not let short-term fluctuations disrupt your mindset; believe in the power of time. Those who have truly succeeded in the cryptocurrency market have experienced countless market trials while maintaining a firm belief and a stable mindset. They are not swayed by greed, nor controlled by fear, just like an experienced captain who always controls their course amidst the turbulent sea.

In the early hours of Monday, the overall price of the cryptocurrency showed an upward trend, rebounding from a low of 113700 to a high of 114700. Subsequently, the price began to fluctuate downwards, currently stabilizing around 114300. The Ethereum price mirrored Bitcoin's trend, rebounding from a low of 3453 to a high of 3515, and currently stabilizing near 3510. Early in the morning, Teacher Daobao guided students to set up long positions in Bitcoin, entering at 113687 and exiting at 114654, securing a profit of 900 points.

From the 4-hour K-line chart, the price has previously experienced a decline and is currently in a short-term rebound recovery phase, with bearish momentum weakening and bulls starting to attempt a counterattack. The DIF line has turned upward approaching the DEA line, indicating a weakening of bearish strength, with a short-term bottoming rebound, suggesting the market is leaning towards bulls. From the 1-hour level, it is in a rebound trend dominated by bulls, with the Bollinger Bands opening and MACD golden cross supporting the logic for short-term upward movement. In the morning, we can focus on long positions.

Bitcoin suggestion: Long around 114200, target 116000

Ethereum suggestion: Long around 3500, target 3550