$BTC In the cryptocurrency market, the candlestick chart resembles the electrocardiogram of life, with highs of ecstasy and lows of decline. Don't blindly chase after a big green candle, nor panic and lose your way due to a big red candle—be a bit more clear-headed when the market rises and a bit more determined when it falls. True long-term investors are not anxious about short-term fluctuations; rather, they maintain their own rhythm amidst the waves of cycles. The market never disappoints those who are patient, just as the retreating tide always leaves behind shells for those who persevere. In the morning, Bitcoin showed strong rebound momentum at the 114000 support level, reaching a peak of 114972 before pulling back to a low of 114105, and then rebounding again to consolidate around 114700; Ethereum followed suit, rebounding at the 3481 support level, peaking at 3575, and then retreating to oscillate around 3540. The bullish strategy suggested in the morning was accurately timed, successfully capturing over 800 points for Bitcoin and over 80 points for Ethereum.
From the current trend, after a deep correction, the bullish strength has gradually emerged. Although short-term effectiveness has not yet fully manifested, the bearish momentum, after sustained release in the earlier phase, has turned weak and failed to form effective resistance. In the view of Yunduo, the current market has entered a bullish-dominated phase, and the temporary counterattack from the bears actually provides an opportunity for bulls to enter. In the afternoon, the bullish outlook can still be extended, focusing on the further release of counterattack momentum.
Bitcoin recommendation: Buy near 114000, target 115500-116000
Ethereum recommendation: Buy near 3520, target 3580-3600
