The short-term rebound momentum of Bitcoin is strong, focusing on long opportunities in the morning

Do not let short-term fluctuations disturb your mind; believe in the power of time. Those who have truly succeeded in the cryptocurrency world have gone through countless market trials while maintaining steadfast belief and a stable mindset. They are not swayed by greed, nor dominated by fear, just like an experienced captain who always steers his course amidst the raging sea.

In the early hours of Monday, the overall price of the currency showed an upward trend, rebounding from a low of 113700 to a high of 114700. Subsequently, the price began to fluctuate downward, currently stabilizing around 114300. Ethereum follows the Bitcoin trend, rebounding from a low of 3453 to a high of 3515, currently stabilizing around 3510. Early in the morning, Teacher Daobao provided real-time guidance for students to set up long positions in Bitcoin, entering at 113687 and exiting at 114654, achieving a gain of 900 points.

From the 4-hour candlestick chart, the price has experienced a drop followed by a rebound, currently in a short-term rebound repair phase, with bearish momentum weakening and bulls beginning to attempt a counterattack. The DIF line is turning upward, approaching the DEA line, indicating a decrease in bearish strength, suggesting a potential bottom formation and rebound, showing that the market is leaning towards the bulls. On the 1-hour level, it is in a rebound trend dominated by the bulls, with the Bollinger Bands opening and MACD golden cross supporting the logic of short-term increase. This morning, we can focus on long positions.

Bitcoin Suggestion: Long around 114200, target 116000

Ethereum Suggestion: Long around 3500, target 3500