$BTC Every deep V pullback is an opportunity gifted by the trend to get on board - only by enduring the night of fluctuations can we welcome the dawn of light. Bitcoin exhibits a 'V-shaped' fluctuation during the day, after pulling back from a high of 112600, it found strong support at the 110862 level, subsequently rebounding and breaking through the daily high to 113484, currently consolidating in the range of 112400-113200. Ethereum is fluctuating in sync, rebounding from 4645 to 4467, then rising to 4633, now pulling back to around 4500 for consolidation. During the day, the cloud deer provided a prompt to students about the multiple positions in big cakes, successfully capturing a space of 3535 points, while the multiple positions in Ethereum captured over 200 points of space.
The technical aspect shows that the support range for big cakes is at 110800-111000, and the area for Ethereum is at 4460-4480, forming a bullish defense line, with a pullback stabilizing to confirm the continuity of the trend. Caution is needed for the risk of linkage with the U.S. stock market opening, strictly set stop losses and avoid chasing highs and cutting losses.
Bitcoin: If it stabilizes on the pullback in the range of 112200-112500, it can continue to go long, targeting 113800-114000
Ethereum: Stabilize in the range of 4490-4510 to layout long positions, targeting 4600-4630
