$BTC Good morning friends on this new day. Looking back at the market trends in the early morning hours, Bitcoin retreated to the 112000 level and faced pressure without showing any continuation. It then experienced a slight rebound of a few hundred points. Ethereum continues to maintain a primary trend of oscillating downward, reaching a low of 4204.
On the four-hour level, after a series of slow declines, the market has shifted from bearish to bullish. Although the current rebound strength is still relatively slow, it is a positive sign. The price has shown signs of a turning point, and it is expected to rise further. After a V-shaped movement, the price remains at a high level, and the pullback is merely a normal corrective trend. From the current structure, the four-hour setup also has momentum for another upward push, with continuous consolidation building momentum. As the lows are lifted upwards, we just need to wait for the breakout to create space. Currently, the price is again showing oscillating behavior, and we expect the market to develop further while still favoring long positions.
Bitcoin: Long around 112000 Target 114500
Ethereum: Long around 4220 Target 4330#加密市场回调