In the cryptocurrency market, every market fluctuation is a test of cognition and mentality. Enduring the darkness and holding onto faith will eventually lead to the dawn of financial freedom. This morning, Bitcoin broke through the 120,000 mark, reaching 120,320, and then entered a phase of consolidation, currently trading in the 119,800-120,200 range; Ethereum continued its strong upward momentum, reaching 4,638 before slightly retreating to around 4,590. The strategy given in the early morning once again captured over 1,000 points for Bitcoin and over 100 points for Ethereum.
From a technical perspective, Bitcoin's 4-hour moving averages are in a bullish arrangement, with the MACD momentum slightly easing. The key support level is 119,500, and breaking through 120,500 could target 121,000; Ethereum's 1-hour ascending channel is intact, and the RSI (65) indicates there is still upward space. If it stabilizes above 4,600, it is expected to test 4,700. Overall, we maintain a low long position in line with the trend, but we must be wary of high-level pullback risks and strictly control risk with light positions.
Bitcoin suggestion: Long at 119,500-119,800, target 120,500, turn short if it breaks 119,000.
Ethereum suggestion: Buy on a pullback to 4,550-4,580, targeting 4,650-4,700. #ETH突破4400 $ETH $BTC #BTC重返12万 $