In the cryptocurrency space, which is full of opportunities and challenges, every market fluctuation is a test for investors, and each decision may rewrite the fate of wealth. Some say the cryptocurrency world is a paradise for adventurers, while others say it is a brutal battlefield. Nevertheless, it is a place where dreams can become reality. Good morning to everyone on this new day. Looking back at the overall market trend in the early morning, the price of Bitcoin continued to pull back after a downward trend last night, reaching a low of 112301 before rebounding. In the early morning, there were multiple upward movements, reaching a high of 114440. Ethereum also saw a low pullback to around 4104 last night before rebounding, and in the early morning, it recovered to around 4371, where it faced pressure.
From the current pattern, the market is still in a period of oscillation and adjustment. The current pullback is more of a technical correction rather than a trend decline. Although market momentum has not significantly strengthened yet, the support levels below are gradually becoming apparent. Despite the daily trend having once breached critical support, analysis of the current shape still allows for adjustment. In the hourly trend, prices have oscillated up and down before consolidating, and the operating channel is gradually narrowing, leading to a rebound after a period of consolidation. Bullish momentum has significantly strengthened, with moving averages showing a consistent upward trend, achieving substantial gains in the short term, and signs of recovery are becoming more evident in the future. Regarding operational strategy, today we recommend buying on dips.
Trading suggestions:
Bitcoin: Buy around 114000, target 115500
Ethereum: Buy around 4320, target 4450
