The current price of Bitcoin is maintaining a narrow range of fluctuations between 113300 and 114000, showing an overall gradual upward trend. In the short term, although the market has not seen a significant breakout, bullish momentum still has continuity, and the structure of strong fluctuations has not yet been broken.
Bitcoin:
If the market tests the support level between 112600-113100 during the day, consider gradually entering long positions. Conservative traders may wait for confirmation after stabilization before entering. The short-term target can be observed in the 114000-114500 range. If it can effectively stabilize above 114500, there may be an opportunity to challenge the previous high of 116500.
Ethereum:
The current trend is strongly correlated with Bitcoin. If the price falls back to around 3440-3460, it can be considered a buying opportunity. The initial rebound target is set at the 3530-3550 range, and after a breakout, it is expected to further test the resistance level at 3650. For short-term operations, it is advisable to set stop-loss orders to avoid reverse impacts after breaking the range.
Overall, although the market trend is stable, it is still influenced by macro sentiment and liquidity. It is crucial to avoid chasing highs and killing lows; following the trend with low buys and high sells remains a relatively prudent approach at this stage. For short-term rhythm control, hourly Bollinger Bands and MACD can be referenced to assist in determining buy and sell points.
