Daily K trend analysis: Bitcoin strongly rebounded by 3000 points after reaching the support level of 116,666 this morning. The bullish cypher pattern continues to be effective, indicating that the technical structure remains intact. However, there are hidden concerns at the daily level, showing a tug-of-war pattern between bulls and bears. Bitcoin maintains a range-bound oscillation, with the upper limit at 121,666 for short positions and the lower limit at 114,150 for long positions. If it breaks the range, a rebound can be used to enter short positions.
Ethereum is performing extremely strongly, directly breaking through to 3834 in the Monday morning session, officially entering the 3800 era. ETH chased along the 4-hour EMA7 all the way to the end, where the trend is king in a distorted indicator environment.
Previous Review: During last Friday's live broadcast, a precise short position was taken at 3600, resulting in a straight waterfall drop of 100 points, followed by a reversal to long positions at 3505/3477, with friends in the live room successfully following along. The long position chased on Friday is currently profitable by 400 points. The long position chased on Wednesday at 3371 earned a profit of 500 points. The long position chased on Tuesday at 2900 gained nearly 1000 points, showing an extremely exaggerated performance. The support level of 116,666 given last Friday was accurately effective today, and after getting up, A-Leng still successfully caught a floating profit of 2000 points.
BTC Resistance Level: 121,666 (bearish Gartley pattern at 0.886 position, C point has not dropped below A point to maintain the integrity of the pattern)
BTC Support Level 1: 114,150-114,250 (range lower limit + previous consolidation area)
BTC Support Level 2: 113,400 (1.13 false breakdown point for obtaining bullish liquidity, lower limit of triangular consolidation)
ETH Resistance Level 1: 4,012 (Wave Theory target for the third wave, calculated based on the increase of the first wave) Resistance Level 2: 4,177 (target for the extension of the third wave) Potential Resistance Level: 4,500 (maximum target under the strongest conditions)
ETH Support Level 1: 3,680 (hourly level EMA60 + coinciding wave high point, a key moving average that has not been tested) Deep Retracement Support: 3,200 (Fibonacci 0.382 retracement level, expected position for the fourth wave adjustment)
For more detailed point analysis, please watch today's market analysis video, which contains detailed explanations. Follow A-Leng to study K-lines, and we will meet at the peak together! Keep an eye on the details, and get the latest interpretations of daily points!