Last night's sudden surge saw Bitcoin fall from around the 113500 level to a low of 111600, before quickly rebounding nearly 6000 points to touch the 117413 high. Ethereum showed even stronger momentum, retreating from around 4350 to stabilize at 4300 before rapidly rising nearly 550 points to reach a historical high of 4848, then pulling back to around 4770 for consolidation. Yunlu emphasized during Thursday's live broadcast that the market must be treated with a bullish mindset, and the morning's outlook was also bullish. The students of Yunlu have largely profited significantly from this wave of increase; I wonder if friends who saw Yunlu's posts managed to catch up.
Technical analysis shows that the long-term bullish trend is solid, with moving averages in a bullish arrangement. The 4-hour level presents a pattern of 'strong consolidation, fueling in the air.' In terms of key support, Bitcoin is focused on the 115000-115500 area, while Ethereum is watching 4700 and around 4350; resistance levels for Bitcoin are aimed at 120000, and Ethereum targets the 5000 USD mark. Overall, it is still advised to follow the trend by buying on dips, with a keen eye on the performance of support areas, to avoid blindly chasing highs, and to reasonably set stop-loss protections.
Bitcoin suggestion: Buy near 116200-116500, target 118500-118800
Ethereum suggestion: Buy near 4700-4730, target 4880-4900
