The morning price of Bitcoin at $ETH stabilized around 122300 and quickly rose over 1500 points to reach the high point of 124474. It then faced pressure and fell back to the low point of 123250, consolidating before rebounding to hover around 123700. The competition between bulls and bears for Ethereum is intense, oscillating in the range of 4700-4780, creating a long upper shadow. Currently, it is consolidating around 4745. In the early morning and during the day, the strategies provided by Yunlu captured a profit of 2200 for Bitcoin and over 1300 points of space. Ethereum achieved nearly 100 points of space in the early morning, and the long positions in Ethereum are currently being held, with a target of 4800.
From a technical perspective, the 4-hour moving average system maintains a bullish arrangement, the MACD golden cross continues but with slightly weakened momentum. Key support levels to watch are the early morning low of 123200 and the starting point at 122300. The resistance above is at the daily high of 124500 and the Fibonacci extension level of 125800. Ethereum has repeatedly tested the top of the range, falling back to form a long upper shadow, while 4730 constitutes the intraday bullish-bearish watershed. Focus should be on the BTC platform support at 123000 and the breakout direction of ETH. It is recommended to control positions within 5% and strictly set stop-losses. The market volatility is increasing, and there is a need to be wary of profit-taking risks, maintaining a flexible response.
Bitcoin suggestion: Light long positions at 123600 or stabilize layout at 122800-123000, target above 124500.
Ethereum suggestion: Buy near the current price of 4750, if it breaks 4780, you can chase the long positions looking at 4850-4900, if it breaks below 4700, then short to look at 4630.
