Market conditions change rapidly. After a drop and rise in the evening, testing the support level around 113600, it rebounded again. The rebound reached the high of 115488, facing pressure again, with the theme of the day being the rise and fall. It has been a wide-ranging tug-of-war all day, returning to the position near 114000 where we woke up in the morning. However, the wide fluctuations during the day also provided us with multiple entry points. We have made several low buy alerts throughout the day, which resulted in a gain of over 2000 points, and we also participated in high sell, with a sudden drop in the evening earning us over 1000 points. Ethereum's synchronization in operations has not provided as much space as Bitcoin, but there were still several hundred points available during the day. In terms of recent trends, it is believed that there are both joys and sorrows; with such large daily fluctuations, some cannot grasp it and are in a state of panic and nearing a blow-up, which is indeed a regret.
From the current market perspective, after continuous rises in the morning and evening, it has once again entered a consolidation phase. A high point followed by a pullback; this rhythm still indicates that bulls remain in a strong trend. The short to medium-term outlook remains bullish. After experiencing periodic adjustments, the daily chart has re-entered a bullish trend, currently showing signs of consecutive gains. The series of adjustments has come to an end, with a rising pattern and increasing bullish volume, gradually confirming the strength of the structure. The consolidation process has not been too lengthy, showing a very strong one-sided trend, characterized by slow growth with pullbacks. What remains to be seen is the strength and timing of the second rise. Currently, after a wave of rise in the morning and forenoon, the small cycle is constructing a correction step, so we continue to look bullish around this step.
Operational Suggestions:
On Monday midnight, Bitcoin can be bought near 113800-113500, with the target still focusing on the breakthrough of 116500.
Ethereum can be bought at 4100-4080, with the initial target at 4200. $BTC