The key level of 115000 that we mentioned yesterday was successfully broken after today’s opening, and $BTC has entered the four-hour rebound range as expected.
The "grandma" was successfully helped upstairs this time, and the overall performance is good. The next target area is 118000. However, it is important to remind that from the daily chart structure, the current stage still belongs to a short-term rebound and cannot be easily defined as a trend reversal.
From the four-hour level, it has already entered the selling range. If you have built a position below, now is a good time to gradually take profit and lock in profits. $ETH also performed well, breaking through 3580 and smoothly entering the 3648 resistance area that we mentioned yesterday.
Although the overall rebound was less than 10 points, the trend is relatively stable. At the same time, the ETH/BTC exchange rate has also shown reversal signals, indicating that the current trading heat and attention in the market are gradually shifting towards $ETH, and funds are switching to a certain extent.
If it can effectively break through 3800 later, $ETH is expected to welcome a true trend reversal.
But currently, it is still in a strong resistance area, so it is recommended to take profit appropriately when it rises, and lock in profits.