$BTC Morning Thoughts:

Panic selling during a major drop and blind chasing during a big rise are often the root causes of losses. When everyone around is in fear, it might be a good time to enter the market; when everyone is caught up in greedy frenzy, it's time to stay clear-headed. Let reason guide your emotions, and don't let emotions dictate your investment decisions.

In the early hours, the price of the coin reached 115700 but lacked bullish momentum, leading to a decline to the lowest point of 114700, where it stabilized. Currently, Bitcoin is stabilizing at 115000. Ethereum is in sync with Bitcoin's trend, peaking at 3698 before retreating to a low of 3652. It is currently stabilizing around 3675.

From the 4-hour candlestick chart, the candlestick patterns show a tussle between bulls and bears. Although there are some upper and lower shadows indicating significant price fluctuations, overall, there are more bullish candlesticks, and the price shows a trend of oscillating upward, with bullish forces slightly prevailing recently. The price is positioned between the middle and upper bands, indicating a relatively strong market state, with some upward space available, but it may face resistance as it approaches the upper band. Meanwhile, the MACD has formed a golden cross, which is also a bullish signal. The hourly level indicates that we are currently in a bullish trend, with the price rebounding off the middle band of the Bollinger Bands, and the MACD golden cross reinforces the upward signal. This morning's strategy can focus on long positions.

Bitcoin: Long around 114800-115000, target 116000

Ethereum: Long around 3650, target 3720