$BTC The cryptocurrency market is like an exciting roller coaster, sometimes soaring to great heights 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 has strongly rebounded from the low of 13235 in the morning, peaking at 14178 before falling back to 113368, followed by a second push from the bulls breaking through the previous high to 114437, currently oscillating around 114000. Ethereum has also strengthened, rebounding from the low of 3568 to 3660 and is now reported at 3630. During the day, two waves of long positions in Yunzi perfectly captured the market trend, with Bitcoin accumulating profits of 1762 points and Ethereum profiting 134 points.
The technical analysis shows that Bitcoin has completed a V-shaped reversal, breaking through the key level of 114000, and the 4-hour moving averages have formed a golden cross upwards, with MACD showing a second expansion. Short-term support is at 113300, and the upward target looks at 116000. The 1-hour level has formed an ascending channel, with 3600 as the key support. A breakout above 3660 will open up the space towards 3700. Caution is advised regarding high-level pullback risks; if BTC falls below 113300 or ETH breaks below 3600, strategy adjustments are necessary. Currently, bulls have the advantage, but volatility is high, so strict risk control is recommended, with a focus on the US market trends.
Bitcoin Suggestion: Long positions lightly at 113800-114000, add long positions upon stabilizing at 113300-113500, target 116000.
Ethereum Suggestion: Long positions near 3610-3630, chase long positions upon breaking 3660, target 3680-3700.
