During the market crash on $ETH , fear enveloped everyone, and many rushed to sell in panic, only to fall before dawn. However, those investors with a calm mindset were able to analyze the market coolly and seize the opportunity to buy at low prices. They understand that the ups and downs in the cryptocurrency market are normal, and a temporary drop does not signify permanent failure. Similarly, during a market surge, some are blinded by greed and blindly chase high prices, ultimately getting trapped at the peak. True experts remain clear-headed amidst the frenzy, rationally take profits, and secure their gains. In the early morning, the Bitcoin market showed a volatile upward trend. The price gradually rose from a low point around 112625, continuously probing upwards, with a peak reaching around 113947 before the rally temporarily stalled. In contrast, Ethereum's market trend was entirely different, with the price retreating to a low point around 3544 in the morning before stabilizing and showing a slight rebound, with the highest point reaching around 3610.
Observing the current market, the four-hour chart shows a steady upward trend, and the price is gradually approaching the upper Bollinger band. Although there was a slight bearish pullback during this period, it was weak and failed to reverse the overall upward trend. Currently, bullish momentum continues to be released, with a clear bullish dominance in the trend. Looking at the one-hour chart, after two consecutive upward candles, the market encountered resistance above and retraced, but the Bollinger band maintains an upward opening shape, with the middle line moving up simultaneously, and the MACD indicator's dual lines forming a golden cross and continuing to extend upwards, strengthening the bullish signals. Overall, the morning operation suggests a low-buy strategy after a pullback.
Bitcoin suggestion: Buy around 113500-114000 with a target of 116400
Ethereum suggestion: Buy around 3600 with a target of 3650-3680
