Yesterday, Bitcoin surged near 115,000 before fluctuating downwards, briefly rebounding to around 114,500 and ultimately closing at 112,600. In the rhythm of this wave's fluctuations, the traces of the main force's stage control are quite obvious, and one can vaguely see the deliberate suppression of prices.
Observing the four-hour chart, the frequency of alternating bullish and bearish candlesticks is not low, and the price has been oscillating within the middle band of the Bollinger Bands. Switching to the one-hour level, the slight pullback after the price surged did not break below the middle band of the Bollinger Bands, and the overall pattern still maintains a slightly strong oscillation.
The short-term pullback appears more like a normal rest in the upward trend, accumulating momentum for future upward movements. Therefore, in terms of operations, it is still recommended to rely on pullback opportunities to set up long positions.
Early morning analysis:
Bitcoin: around 112,000-112,500, target 114,500
Ether: around 3,530-3,550, target 3,650
Market conditions change rapidly, and the above is for reference only; specifics should be based on real-time data!
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