$BTC In the cryptocurrency world, every market fluctuation is a test of perception and mentality. After enduring the darkness and holding on to faith, one can eventually welcome the dawn of financial freedom. This morning, Bitcoin broke the 120,000 mark, reaching 120,320 before entering a consolidation phase, currently trading in the 119,800-120,200 range; Ethereum continued its strong momentum, peaking at 4,638 before slightly retreating to around 4,590. The strategy given in the early morning has once again captured over 1,000 points of space 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 slowing down. The key support is at 119,500, and if it breaks 120,500, we can look at 121,000; Ethereum's 1-hour ascending channel is intact, and the RSI (65) indicates there is still upward space, with a stable position above 4,600 expected to test 4,700. Overall, we maintain a trend-following low-buy strategy, but need to be wary of high-level pullback risks and strictly control risks with light positions.
Bitcoin suggestion: Low buy at 119,500-119,800, target 120,500-121,000, turn to short below 119,000.
Ethereum suggestion: Buy on a pullback at 4,550-4,580, looking up to 4,650-4,700.
