The current market has clear long and short signals. After three consecutive bearish candles on the four-hour chart, the reversal signal is significant. The pace of price decline is slowing down, and buying strength below is increasing. Signs of market recovery are gradually appearing, with bearish momentum significantly diminishing. The MACD green bars are shortening near the zero axis, KDJ is diverging with a golden cross at low levels, and RSI has rebounded from the oversold zone to around 50. Multiple indicators are releasing positive turning signals, indicating that the pullback after a short-term surge is limited and not a trend reversal, but rather a normal technical correction during the upward process, with bulls still in control overall. The one-hour chart shows a rebound with three consecutive bullish candles; the price is gradually recovering lost ground, and each small pullback is accompanied by a moderate increase in trading volume, indicating strong willingness from bulls at low levels. Although there is some selling pressure when approaching the middle line of the Bollinger Bands (as some short-term funds take profits, causing the rebound pace to slow down), the middle line has not formed substantial resistance. The overall Bollinger Bands remain open upwards, with solid support at the lower band. The short-term trend remains bullish, and a subsequent breakthrough and stabilization above the middle line is expected to further open up the upward space; conversely, there may be a brief oscillation to gather strength within the range. We will continue to follow a low long strategy at midnight.
Bitcoin suggestion: Buy around 119500-119000 with targets of 122000-121000.
Ethereum suggestion: Buy around 4270-4250 with a target of 4380.
