$BTC In the cryptocurrency world, every market fluctuation is a test of understanding and mindset. Enduring through the darkness and holding onto faith will ultimately lead to the dawn of financial freedom. This morning, Bitcoin broke through the 120,000 mark, reaching 120,320 before entering a period of consolidation, currently trading in the 119,800-120,200 range; Ethereum continued its strong upward trend, peaking at 4,638 before slightly retreating to around 4,590. The strategy provided in the early morning again captured over 1,000 points for Bitcoin and over 100 points for Ethereum.
From a technical perspective, Bitcoin's 4-hour moving averages show a bullish arrangement, with MACD momentum slightly slowing. The key support level is at 119,500, and if it breaks 120,500, it could rise to 121,000; Ethereum has a well-formed 1-hour ascending channel, with RSI (65) indicating there is still upward potential. If it stabilizes above 4,600, it may test 4,700. Overall, the strategy remains to go long in the direction of the trend, but caution is needed for high-level pullback risks, and strict risk control with light positions is advised.
Bitcoin suggestion: Long at 119,500-119,800, target 120,500-121,000, switch to short if it breaks 119,000.
Ethereum suggestion: Enter long at 4,550-4,580 on a pullback, targeting 4,650-4,750. #CPI数据来袭