$ETH The cryptocurrency market is like an exciting roller coaster, sometimes soaring to the sky and other times plunging to the depths. In this passionate and risky market, maintaining a calm mindset is an essential quality for every investor. Bitcoin rebounded strongly from the low of 13235 in the morning, peaking at 14178 before falling back to 113368. Subsequently, the bulls made a second push, breaking through the previous high to 114437, and is currently fluctuating around 114000. Ethereum also moved upward, rebounding from the low of 3568 to 3660, and is currently at 3630. Throughout the day, Cloud Deer perfectly captured two rounds of long positions, with Bitcoin accumulating a profit of 1762 points and Ethereum gaining 134 points.
Technically, Bitcoin has completed a V-shaped reversal, breaking through the key level of 114000. The 4-hour moving averages have formed a golden cross upwards, and the MACD has expanded for the second time. Short-term support is at 113300, with an upper target of 116000. The 1-hour level has formed an upward channel, with 3600 as key support. A break above 3660 could open up space to 3700. Caution is advised for high-level pullback risks; if BTC drops below 113300 or ETH falls below 3600, adjustments to the strategy will be necessary. Currently, the bulls are dominant but volatility is high, so strict risk control is recommended, with a focus on movements in the US market.
Bitcoin suggestion: 113800-114000 light long positions, add to long if it stabilizes at 113300-113500, target 116000
Ethereum suggestion: Long positions near 3610-3630, chase long if it breaks 3660, target 3680-3700
