$BTC Don't let an ordinary life extinguish your ambition; the cryptocurrency market is your battlefield to break through class barriers! Take a bold step forward, the future is promising! Last midnight, the Bitcoin market showed a clear narrow fluctuation trend, with prices falling from a high of 119149 in the evening to a low of 118066 at midnight before rebounding, and in the early morning, the price rebounded again to a high of 118930. The Ethereum market initially rose from a low of 4163 in the evening to a high of 4258 at midnight before falling back, eventually dropping to a low of 4187 in the early morning.
According to the current market situation, the daily level shows that the market is exhibiting a step-by-step upward trend, breaking through the middle band of the Bollinger Bands. Although there was a slight pullback from the bears, the force was weak. The MACD indicator's fast and slow lines are turning upwards and gradually converging, indicating a potential golden cross formation, which suggests that the overall trend is gradually returning to the bulls' control. The four-hour level shows that the market is gradually moving upward with a pattern of looking back after every step, breaking through the upper band of the Bollinger Bands. The Bollinger Bands are opening upwards, and all indicators at this level show that the bulls are dominant, but the KDJ indicator's K and J values have both entered the overbought zone, indicating a risk of a pullback in the short term. Considering the overall market trend, every upward move by the bulls is accompanied by a slight pullback, but the pullback strength has not shown significant continuity. Therefore, we will adopt a strategy of buying on dips after a retracement.
For Bitcoin, buy around 118500-118000 with a short-term target of 120000, a swing target of 122000, and a long-term target of 125000.
For Ethereum, buy around 4180-4200 with a short-term target of 4300, a swing target of 4500, and a long-term target of 4800.