$BTC A momentary rise and fall is just a small interlude on the road to financial freedom. Maintain your mindset and don’t let emotions dictate your actions; the darkness before dawn is often to welcome a more brilliant light.
The morning market shows that Bitcoin found support around 118600 and has started a strong upward trend. The active participation of bulls has pushed it to successfully break through the two key resistance levels of 120000 and 121000, currently stabilizing around 121900. Ethereum has also performed well, launching an upward attack after a pullback to around 4190, reaching a high of 4340, and currently running steadily around the 4300 level. In the morning layout, Bitcoin and Ethereum both opened positions, with Bitcoin exiting near 121000, capturing nearly 2900 points, and Ethereum exiting near 4330, capturing 130 points.
From the current market situation, the 4-hour K-line shows a strong upward trend, with continuous large bullish candles breaking through the previous fluctuation range, dominated by bullish forces, and a short-term upward trend. From the 1-hour K-line, the price has currently broken above the upper Bollinger Band, indicating that the market is in a strong bullish trend. However, the price running outside the upper Bollinger Band also suggests that the market may be in an overbought state, with a risk of a pullback in the short term. The DIF continues to cross above the DEA, and the MACD histogram has significantly expanded, indicating strong bullish momentum, and the short-term upward trend is likely to continue. In the afternoon, we can wait for a pullback to chase the long positions.
Long Bitcoin near 121000, aiming for 123000
Long Ethereum at 4250, aiming for 4340
