When the market crashed at $ETH , fear enveloped everyone, and many rushed to cut their losses in panic, only to fall before dawn. However, those investors with a calm mindset could analyze the market rationally and seize the opportunity to buy at low prices. They understand that fluctuations in the cryptocurrency market are normal, and a temporary decline does not signify permanent failure. Similarly, during a market surge, some get blinded by greed, blindly chasing high prices, ultimately getting trapped at the peak. True experts maintain clarity during the frenzy, reasonably take profits, and secure their gains. In the early morning, the Bitcoin market showed a volatile upward trend. The price gradually climbed from a low point near 112625, continuously probing upward, reaching a peak near 113947 before the upward momentum temporarily stalled. In contrast, Ethereum's market trend was completely different; after the morning price retraced to a low near 3544, it stabilized and showed a slight rebound, with the peak reaching around 3610.
From the current chart observation, the four-hour level 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 failed to reverse the overall upward trend. Currently, bullish momentum continues to be released, and the trend is clearly dominated by buyers. Looking at the one-hour level, after two consecutive bullish candles, the market encountered upward pressure and retraced, but the Bollinger Band maintains an upward opening shape, with the middle line moving up synchronously, and the MACD indicator's dual lines forming a golden cross and continuing to extend upward, with bullish signals still strengthening. Overall, the morning operation suggests focusing on a low buy strategy 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
