During the market crash of $ETH , fear engulfed everyone, and many hurriedly cut their losses in panic, ultimately falling before dawn. However, those investors with a calm mindset can calmly analyze the market and seize the opportunity to buy at low prices. They understand that fluctuations in the cryptocurrency market are normal; a temporary decline does not mean permanent failure. Similarly, during a market surge, some people are blinded by greed, blindly chasing highs, and eventually get stuck at the peak. True experts maintain clarity in the frenzy, rationally take profits, and secure their gains. In the early morning, the Bitcoin market exhibited an upward fluctuating trend. The price gradually rose from a low near 112625, continuously testing higher levels, peaking around 113947 before the upward momentum temporarily stalled. In contrast, Ethereum's market trend was completely different, as the price retreated to a low near 3544 in the morning, then stopped falling and stabilized, showing a slight rebound, with the highest point reaching around 3610.
From the current market observation, the four-hour chart shows a steady upward trend, with prices gradually approaching the upper Bollinger Band. Although there was a slight bearish pullback during this period, its strength was weak and unable to reverse the overall upward trend. Currently, the bullish momentum continues to be released, with the trend clearly dominated by bulls. Looking at the one-hour level, after two consecutive bullish candles, the market encountered pressure above and retraced. However, the Bollinger Band maintains an upward opening shape, the middle band is moving upward in sync, and the MACD indicator's dual lines formed a golden cross and continued to extend upward, further strengthening bullish signals. Overall, the morning's strategy is recommended to focus on low buys after a pullback.
Bitcoin suggestion: Buy near 113500-114000 with a target of 116400
Ethereum suggestion: Buy near 3600 with a target of 3650-3680
