The price comparison has reached a peak of 126200, and currently, it has also given some room for retracement, with the coin price operating around 123700. Ethereum is similar; after peaking at around 4734, it has also provided a certain degree of retracement space, currently operating around 4660. It is still the same statement: as long as the overall pattern does not give a reversal signal, all retracements provide us with opportunities to enter the market. The thoughts of these past two days are evident to all; we have also benefited considerably from this rise in Bitcoin. Following along and profiting is not just empty talk.
In terms of technical analysis, Bitcoin has been rising with consecutive daily gains, with a clear bullish pattern, and the moving averages are showing a comprehensive bullish arrangement. Ethereum's momentum is strong, with the 4-hour K-line climbing along the upper Bollinger Band, and the MACD indicator has crossed into a golden cross and continues to expand, showing strong bullish momentum.
In terms of trading suggestions,
Bitcoin can consider gradually building long positions near the support range of 123000-123500, with a stop loss set below 122000, targeting 125000-126200; if broken through, it can be held further.
Ethereum can consider making light long positions when reaching 4650 or retracing to the support area of 4580-4600, with target levels of 4730-4800. #BTC #ETH