The Bitcoin and Ethereum markets today are like a performance where one sings and the other takes the stage. Bitcoin has been consolidating at a lower level, and after a surge this evening reaching the 118,000 mark, it faced selling pressure and retreated, currently trading around 116,600. In contrast, Ethereum remains strong, climbing steadily throughout the afternoon and successfully breaking above the 4,200 mark. We have followed the strategy of trading Bitcoin today and provided strategies and current price orders simultaneously. Ethereum gained 166 points, while Bitcoin easily took profits with a 1,103-point range due to the surge in the evening. In the weekend's grinding market, patience and confidence are necessary; while waiting may be tedious, the joy of harvesting returns is enough to offset everything.
From the current market perspective, Bitcoin is gradually trying to stabilize after a round of oscillating movements in the evening. The daily line shows a doji candlestick pattern, with a long upper shadow indicating that selling pressure remains strong; however, the moving averages continue to diverge upwards, and the upward trend has not changed. From the four-hour level, Bitcoin entered a correction phase after a violent spike, with the 116,500 level showing strong support. Multiple retests have been able to stabilize effectively. Although the market has consecutively closed with small bearish candles, the downward momentum is limited, and trading volume is shrinking. Considering the low trading volume during the weekend, the continuation of this downward trend will inevitably be weak. Looking at the hourly level, the market shows a wave-like structure, with the rebound highs and retest lows moving up simultaneously, exhibiting characteristics of oscillating upwards. The midnight analysis still maintains a bullish outlook, focusing on the breakout situation around the 117,500 level.
Bitcoin: Directly bullish at 116,600, with a target looking up at 118,200. $BTC $ETH #ETH突破4000 #美国加征关税