$ETH In the cryptocurrency market, the candlestick chart is like the electrocardiogram of life, with the ecstatic peaks and the low valleys. Don't blindly chase after a big bullish candle, and don't panic and lose your way because of a big bearish candle—be more clear-headed during the rises and more determined during the falls. True long-termists do not fixate on short-term fluctuations, but rather maintain their own rhythm amidst the waves of cycles. The market will never disappoint those who are patient, just like how the tide recedes and always leaves behind shells for those who hold firm. This morning, Bitcoin showed strong rebound momentum at the 114000 support level, reaching a high of 114972, then retracing to a low of 114105, and subsequently bouncing back to around 114700 for consolidation; Ethereum moved in sync, rebounding at the 3481 support level, reaching a high of 3575, and then retracing to around 3540 for oscillation consolidation. The bullish strategy given this morning accurately entered the market, successfully capturing over 800 points in Bitcoin and over 80 points in Ethereum.
From the current trend, after a deep correction, the bullish momentum has gradually gained strength. Although the short-term effectiveness has not fully manifested yet, the bearish momentum has turned weak after continuous release in the earlier period, failing to form effective resistance. In Yunlu's view, the current market has entered a bullish dominant phase, and the short-term bearish counterattack actually provides opportunities for bulls to enter. In the afternoon, the bullish mindset can still be continued, focusing on further release of attacking momentum.
Bitcoin suggestion: Buy near 114000 with a target of 115500-116000
Ethereum suggestion: Buy near 3520 with a target of 3580-3600
