Morning Silk Road successfully aligned, the low-positioned Dodan is always reliable

9.10 Zhiming Morning Analysis and Suggestions
In the early hours, Bitcoin retreated to the 110700 level before entering a narrow range of fluctuations. Affected by the non-farm payroll news, the previous rapid decline's momentum has been fully released, and the market has officially entered a recovery phase.
From the four-hour cycle perspective, the trend shows characteristics of rising first and then suppressing, with a clear space for correction after the index surge. The current market has formed a norm of 'every round of rise must be accompanied by adjustment', and the high-level fluctuations still belong to corrective actions within an upward trend. It is worth noting that multiple significant corrections have stopped falling at the 110500 level, and the effectiveness of this support level has been verified; as long as the lower low is not broken, there is no basis for a short-term reversal.
Zhiming's Suggestions
For Bitcoin, look around 111200-110700, target 112000-112500
For Ether, look around 4270-4230, target 4350-4490
#Strategy增持比特币