$BTC Yesterday at midnight, Bitcoin showed a significant pullback trend, with the price dropping from a high of 120799 to a low of 118289. Ethereum's market also mirrored Bitcoin's pullback trend, with prices descending from a high of 4366 to a low of 4195. Yang Jie’s midnight position on Bitcoin's long position initially faced a small loss of 430 points, and then he reversed and followed the trend to enter a short position on Bitcoin, entering at 119519 and exiting at 118318, capturing a space of 1200 points and recovering the loss. Due to Ethereum's strong pullback trend at midnight, there were no obvious signs of rebound.

Current market observation: On the four-hour level, the market has experienced five consecutive bearish candles, pulling back to near the middle band of the Bollinger Bands, with significant support at the middle band. The bears have failed to break through this position, and the opening of the Bollinger Bands has not turned downward. Given that the middle band is the lifeline for bulls, as long as this position is not lost, the overall strong trend will not reverse. On the one-hour level, the market has stepped down to the lower band before slowing down, and the current K-line has a long lower shadow below the body, indicating that short-term support below is still present. In summary, morning operations could adopt a strategy of buying on the dip.

On Tuesday morning, it is recommended to set up long positions for Bitcoin in the range of 118000-118500, targeting 120000.

On Tuesday morning, it is recommended to set up long positions for Ethereum in the range of 4170-4200, targeting around 4300 near #比特币市值超越亚马逊 .