The K-line chart of the $BTC cryptocurrency market is like the electrocardiogram of life, with its exhilarating surges and its troughs. Don't blindly chase a single bullish candlestick, nor panic over a single bearish candlestick—stay clear-headed during rallies and confident during declines. A true long-termist doesn't dwell on short-term fluctuations, but rather maintains their own rhythm amidst the tides of the cycle. The market never disappoints those who are patient, just as the receding tide always leaves behind shells for those who persevere. Bitcoin (BTC) showed strong rebound momentum this morning at the 114000 support level, reaching a high of 114972. It then fell under pressure to a low of 114105 before rebounding again to consolidate around 114700. Ethereum also followed suit, rebounding from the 3481 support level, reaching a high of 3575 before retreating to a consolidation around 3540. The bullish strategy introduced this morning resulted in a precise entry, successfully capturing over 800 points in Bitcoin and over 80 points in Ethereum.
Current trends indicate that after a sharp price correction, bullish momentum has gradually gained momentum. Although short-term gains have yet to fully materialize, bearish momentum, after sustained growth, has weakened and failed to establish effective resistance. Yunlu believes the market has entered a bull-dominated phase, and the temporary bearish resurgence provides an opportunity for bulls to enter the market. A bullish strategy can be maintained in the afternoon, with an eye on further momentum.
Bitcoin Recommendation: Targets around 114,000, with potential targets at 115,500-116,000.
Ether Recommendation: Targets around 3520, with potential targets at 3580-3600.
