Last night, the sudden surge in the market for $ETH saw Bitcoin drop from around 113500 to a low point of 111600 before quickly rebounding nearly 6000 points to reach a high of 117413. Ethereum's movement was even stronger, dropping near 4350 to stabilize at 4300 before rapidly rising nearly 550 points to touch a historical high of 4848, then retreating to around 4770 for consolidation. Yunlu emphasized during Thursday's live broadcast that the market outlook should definitely be treated with a bullish mindset, and the outlook provided in the morning was also bullish. The students of Yunlu have basically benefited significantly from this wave of growth; I wonder if those who saw Yunlu's posts managed to keep up.
The technical analysis shows that the long-term bullish trend is solid, with moving averages in a bullish arrangement, and a 'strong consolidation, air refueling' pattern on the 4-hour level. In terms of key support, Bitcoin is focusing on the 115000-115500 area, while Ethereum is focusing on around 4700 and 4350; resistance levels for Bitcoin are looking at 120000, while Ethereum targets the 5000 USD mark. Overall, it is still recommended to follow the trend and primarily focus on buying on dips, paying close attention to the performance of support areas, avoiding blind chasing of highs, and reasonably setting stop-loss protections.
Bitcoin suggestion: Buy near 116200-116500 with a target of 118500-118800.
Ethereum suggestion: Buy near 4700-4730 with a target of 4880-4900.
