$BTC market plummets, fear engulfs everyone. Many panic and hastily cut their losses, only to fall before dawn. Meanwhile, those investors with a calm mindset can analyze the market rationally and seize opportunities to buy at low prices. They understand that fluctuations in the crypto market are normal, and a temporary drop does not signify permanent failure. Similarly, during market surges, some become blinded by greed, blindly chasing highs and ultimately getting trapped at the peak. True experts maintain clarity amid frenzy, rationally taking profits and securing gains. In the early morning, the Bitcoin market shows a volatile upward trend. The price gradually climbs from a low point near 112625, continuously probing upward, reaching a peak near 113947 before the upward momentum temporarily stalls. In contrast, Ethereum's market trend is starkly different; after retracing to a low near 3544 in the morning, it stabilizes and experiences a slight rebound, with the highest point reaching around 3610.
From the current market observation, the four-hour chart shows a steady upward trend, with the price gradually approaching the upper Bollinger Band. Although there has been a slight bearish pullback, its strength is weak and has not reversed the overall upward trend. Currently, bullish momentum continues to be released, with the trend clearly dominated by bulls. Looking at the one-hour level, after two consecutive bullish candles, the market encounters pressure from above and retreats, but the Bollinger Band maintains an upward opening pattern, the mid-line is moving up simultaneously, and the MACD indicator's dual lines form a golden cross and continue to extend upward, with bullish signals still strengthening. Overall, the morning operation suggests a focus on a low-buy strategy after a retracement.
Bitcoin suggestion: Buy near 113500-114000, target 116400
Ethereum suggestion: Buy near 3600, target 3650-3680