$BTC In the ever-changing world of cryptocurrency, only by holding steadfast beliefs can one smile in the face of change. With wisdom as the sword and courage as the shield, one can break through all obstacles and achieve an extraordinary life. Yesterday at midnight, Bitcoin's price surged to a high of 115686 before facing resistance and subsequently fell back to a low of 114580. Currently, the market has entered a rebound recovery phase. Meanwhile, Ethereum's midnight trading maintained a fluctuating upward trend, with its price slightly retreating to a low of 3661 before rebounding, reaching a peak of 3732 in the early morning.
From the current market perspective, the four-hour chart indicates that the market is gradually approaching the upper Bollinger Band. Although there have been some pullbacks from short sellers, the retracement strength is minimal and has not affected the overall upward trend. The KDJ indicator shows all three lines turning upward and gradually converging, indicating a potential golden cross formation. The MACD indicator also displays an upward extension. Therefore, the overall trend remains under the control of bulls. From the one-hour chart, after experiencing three consecutive bullish candles, the market faced some pressure above, leading to a slight price retreat. However, the overall market stays within an upward channel, and even if there is some retracement, its strength is not significant. Thus, for morning operations, we will adopt a strategy of buying on dips after the pullback.
Bitcoin can be bought around 114500, targeting 116500.
Ethereum can be bought around 3680-3700, targeting 3780.