$ETH The seeds planted in a bear market will eventually blossom in a bull market. The market never disappoints those who truly persevere. Your patience will be rewarded by the gentle candlestick patterns of time. Bitcoin prices stabilized and rebounded after a midnight spike. Bitcoin hit a low of 115,555 before quickly recovering to consolidate around 117,486. Ethereum also bottomed out at 3778 before rebounding to 3887. Yunlu's previously recommended buy-low strategy successfully executed, validating the effectiveness of key support levels.
Technical analysis shows Bitcoin forming strong support at 115,500. If it holds above 117,500, it could potentially move up to the 119,200-120,000 range. Ether needs to break through the 3887-3900 resistance zone to open up space at 3950, but the rebound volume is weak, so be wary of stagflation. The current market is characterized by a "sharp decline and slow rise," but be wary of selling pressure at key resistance levels such as BTC at 120,000 and ETH at 3950. Our morning strategy: We'll first target a pullback and then a rebound. If you can't grasp the early trading opportunities, consider just a rebound.
Big Pie Recommendation: Short-term shorts around 1117500, with a target of 116500. If 116000 doesn't break, go long with a target of 118500-118800.
Ether Recommendation: Shorts around 3890, with a target of 3820-3800. If 3800 doesn't break, expect a rebound with a target of 3900-3950.
