$BTC
In the cryptocurrency world, fluctuations are the norm; the key is to maintain a calm mindset of 'not being happy with rises and not being sad with falls.' During a surge, don't let greed cloud your judgment; take profits in time for peace of mind. During a drop, don't let fear control you; analyze calmly, as it might even be a good entry point.
Based on the current market situation, the four-hour level shows that the price is close to the middle line of the Bollinger Bands, alternating between bullish and bearish movements. The K-line bodies have long lower shadows, indicating strong support below. The bears have repeatedly tested the middle line of the Bollinger Bands without achieving a substantial breakthrough. Currently, the forces of bulls and bears are relatively balanced, entering a phase of consolidation and accumulation. From the one-hour level, the market continues to exhibit a tug-of-war correction characteristic, with prices repeatedly testing the critical range of 118000-119000. Unfortunately, it has not been able to gather enough strength for an effective breakout. Therefore, until the core oscillation range for the evening is clearly broken, we should prioritize a strategy of taking short positions at high prices and long positions at low prices, and respond flexibly after the evening CPI data is announced.
Buy Bitcoin around 118000, target 119500
Buy Ethereum around 4250, target 4350
