$BTC In the cryptocurrency world, the situation is unpredictable. Only those with great ambition can ride the winds and waves, soar in the sky, and achieve extraordinary legends. Brother Sheng provided a bullish outlook in advance at midnight, and the market has indeed confirmed it as expected. The Bitcoin and Ethereum long positions set up at midnight entered the market around 112871 and 3571 respectively, and were advised to take profits around 114097 and 3614 in the morning. The Bitcoin long position gained 1200 points, while the Ethereum long position gained 43 points.
Based on the current market, the four-hour level shows that after a significant bearish pullback, the market is exhibiting a two consecutive bullish candlestick rebound. The price is also moving upwards towards the middle track of the Bollinger Bands, with bullish momentum gradually diverging. Various indicators and moving averages are also showing upward turns, indicating that the overall trend has entered a bullish rebound recovery phase. From a one-hour perspective, the market is gradually moving upwards. Although there were slight pullbacks from the bears along the way, the retracement strength has not been significant. The KDJ indicator's three lines have formed a golden cross and are continuously extending upwards. The MACD histogram is gradually shrinking below the 0 axis, with the dual lines of the indicator turning upwards and sticking together, showing a tendency to form a golden cross. However, the J value in the KDJ indicator has already entered the overbought zone, so we need to pay attention to a potential technical correction in the short term. Therefore, in the morning operations, we will continue to maintain a low long strategy.
Bitcoin can be bought around 113500-113300, with a target of 115500-115000.
Ethereum can be bought around 3560, with a target of 3680.