The key to success at $BTC has always favored the visionary who has a deep understanding of the landscape. However, the treasure trove of wealth is only open to those who cut off the chains of hesitation and forge the future with action. In the morning, Bitcoin slightly retraced to the 116316 line, and then welcomed a strong rebound that rapidly extended the upward trend. By the afternoon, the market peaked at the 117887 high point before coming under pressure and retreating, currently the price has once again fallen to around 116800. Ethereum's intraday performance is a different story, starting its upward journey from the 4004 low point in the morning, climbing all the way up to the current 4292 high point.
The four-hour level shows that after a long period of consolidation, bulls have begun to exert force, effectively breaking through the middle track of the Bollinger Bands, and the overall trend has broken the range. Although there has been some pullback, the MACD indicator's fast and slow lines are gradually converging near the zero axis, showing signs of forming a golden cross, with the overall market sentiment clearly biased towards strength. On the one-hour level, the market has shown a five consecutive bullish pattern, breaking through the upper track of the Bollinger Bands before coming under pressure and retreating. The KDJ and RSI indicators show signs of turning down, but the MACD indicator's dual lines continue to extend upward, not yet issuing a clear reversal signal. This indicates that the current pullback is more likely to be a normal upward correction. Therefore, from midnight to morning, one should first pay attention to the strength of the pullback, and after stabilizing, continue with a low-buy strategy as the main focus.
Buy Bitcoin around 116500, target 118000
Buy Ethereum around 4230, target 4350