$BTC Today's market has also reached this point, with some happy and some worried. Those holding positions waiting for prices to rise watch the curve climb, unable to hide their smiles; while those trapped at high positions can only anxiously stare at the numbers on the screen, pondering whether to add to their positions or cut losses. In the fluctuations of rising and falling, how many people's emotions are hidden?
After hitting a low of 113700 during the day, bulls began to exert force, touching 115000 in the morning and entering a range of oscillation. By the evening, the price surged again to 115400, breaking this week's new high before encountering resistance and falling back. Currently, the price stabilizes around 114700. Ethereum is similar, showing a clear upward trend overall; after stabilizing from the lowest point of 3450, the price rises to a high of 3660, with an overall increase of 110 points during the day. Today, Teacher Da Bao guided students in live trading to take a long position on Bitcoin with four longs and one short, achieving a space of 3900 points, while Ethereum with three longs achieved a space of 200 points.
From the current market perspective, the 1-hour level shows that the current price is in a short-term bullish trend, but there is obvious pressure near the upper Bollinger Band and previous highs. The MACD indicator shows that bullish momentum needs further confirmation. At the 4-hour level, the price is currently in a rebound and recovery phase, with bulls trying to reverse the previous downward trend, but there is still pressure above. The MACD histogram shows green bars shortening and about to turn red. This indicates that the previous bearish-led downward trend is easing, and bulls are beginning to exert force gradually. If the DIF crosses above the DEA to form a golden cross, and the MACD histogram continues to expand, it will further confirm the continuation of the rebound trend. Our midnight thinking is still bullish.
Bitcoin suggestion: Long near 114700, target 116000
Ethereum suggestion: Long near 3650, target 3690