$BTC Counterattack! BTC skyrocketed by 2000 points to break 115000, ETH simultaneously surged aiming for 3700
Bitcoin staged a V-shaped reversal in the evening, strongly rising nearly 2000 points from the low of 113577 to the high of 115520, now slightly retreating to around 115000 for consolidation. Ethereum rebounded in tandem, climbing from the low of 3573 to 3673, currently consolidating around 3650. Yunlu's evening long position strategy accurately captured the market, with Bitcoin gaining over 1500 points and Ethereum gaining over 80 points.
Bitcoin formed a "bullish engulfing" pattern on the 4-hour chart, effectively breaking the key resistance level of 114500, with MACD golden cross increasing in volume, and RSI (65) entering the strong zone. Attention is on the psychological level of 116000 above, while support is raised to 114500 (turning into support after the breakout). Ethereum's 1-hour chart broke the neckline at 3620 forming a W bottom, with short-term moving averages in a bullish arrangement. There is selling pressure in the 3670-3700 zone, and strong support at 3560-3580. Caution is advised regarding changes in market sentiment after the US stock market opens; if BTC falls below 114500 or ETH loses 3620, be wary of a correction risk. The current bullish trend remains unchanged, but it is not advisable to blindly chase highs; a staggered buying strategy is recommended to control risks.
Bitcoin advice: A pullback to the 114800-115000 range can be used to gradually build long positions, targeting 116000-116800; breaking 116000 can be followed for more longs.
Ethereum advice: After stabilizing on a pullback to 3630-3650, take long positions, targeting 3700-3750.
