$BTC Bitcoin performed a V-shaped reversal in the evening, strongly rising nearly 2000 points from the low of 113577 to the high of 115520, currently slightly retreating to around 115000 for consolidation. Ethereum synchronized its rebound, climbing from the low of 3573 to 3673, and is currently consolidating around 3650. The cloud deer strategy accurately captured the market, with Bitcoin making a profit of over 1500 points and Ethereum making a profit of over 80 points. During the day, Bitcoin made a total profit of 3311 points from three long positions, while Ethereum secured 215 points from three long positions.
Bitcoin formed a "bull engulfing" bullish pattern on the 4-hour chart, effectively breaking through the key resistance level of 114500, with MACD showing a golden cross and increasing volume, and RSI (65) entering the strong zone. Attention is focused on the psychological level of 116000 above, and support has shifted up to 114500 (turning into support after the breakout). Ethereum's 1-hour chart has broken through the 3620 neckline to form a W bottom, with short-term moving averages in a bullish arrangement; there is selling pressure in the 3670-3700 range, and strong support in the 3560-3580 area. Market sentiment changes after the U.S. stock market opens should be watched; if BTC drops below 114500 or ETH fails to hold 3620, caution is needed regarding the risk of a pullback. The current bullish trend remains unchanged, but it is not advisable to chase high prices blindly; it is recommended to use a phased entry strategy to control risk.
Bitcoin advice: A pullback to the 114800-115000 range can be used to gradually build long positions, with a target of 116000-116800; if it breaks through 116000, you can follow the trend to chase long.
Ethereum advice: After stabilizing on a pullback to 3630-3650, enter long with a target of 3700-3750.
