Midday Thoughts

Reviewing Bitcoin's morning rise from the 114777-line area, it surged to around the 116550-line high point. Ethereum rose from the 4578-line to around 4660. In the morning, Ethereum entered a long position around 4620, and exited near 4650, successfully securing the first trade.

Bitcoin's 1-hour chart shows an overall upward trend. The price is stable above the short-term moving averages, indicating a short-term bullish advantage. The previous range of fluctuations has been broken and transformed into strong support. Ethereum is showing a relatively strong oscillation, the Bollinger Bands indicate a bullish advantage, and the MACD indicator also shows that bearish strength is declining while bullish strength is rising.

Bitcoin: Long position in the 116000～115500 range, target focus around 117000

Ethereum: Long position in the 4630～4600 range, target focus around 4700