The path in the cryptocurrency world is filled with hardships, but as long as you maintain a firm belief, continuously improve your understanding, and overcome the weaknesses of human nature, you will surely be able to reap your own wealth in this field. Remember, in the cryptocurrency world, there is no myth of getting rich overnight, only the hard work and perseverance of down-to-earth efforts. Looking back at yesterday's overall trend, BTC exhibited a clear rhythm of oscillation and decline, with the price gradually retreating from an intraday high of 112330. After several waves of minor back-and-forth movements, it eventually found support near the low point of 110867 and began to rebound; entering the evening trading session, the market, driven by buying power, surged to a position of 112573, but subsequently failed to break through due to pressure from the short-term resistance area above, instead entering a phase of oscillation and consolidation. As of now, it is still hovering around the integer level of 112000, with the contest between bulls and bears in this area relatively calm.
Bitcoin formed a bottom-rebound pattern yesterday and continues to follow the same trend today, currently showing two consecutive daily upward movements, with elongated lower shadows and effective support formed below. The upward momentum in the future remains strong, with the price already distanced from the lower Bollinger Band. However, the short-term movements are somewhat choppy, so buying on dips remains the preferred choice, and it’s best not to place short orders; Ethereum's daily line recovered half of the lost space yesterday and continued the bullish trend today. Currently, a small upward candle is forming, and the price is already distanced from the mid-Bollinger Band support, indicating a strong bullish market. The trend remains unchanged, and our bullish outlook remains the same; with a large fluctuation base, especially during the opening of the US stock market, it tests the entry points and timely adjustments, allowing for effective changes in positions; operations remain unchanged on Thursday morning, and a pullback provides us with opportunities to buy more.
Trading Suggestions
Bitcoin: Buy around 111000 Target: 113000
Ethereum: Buy around 4480 Target: 4630
