From the one-hour perspective, there has been a short-term increase in price comparison, but it is currently in the process of retreating from a high (113429); in terms of K-line pattern, it has experienced a movement from decline to bottoming rebound, then to a high surge and retreat, and finally arriving at a consolidation phase. The short-term trading behavior is clearly apparent.
The Bollinger Bands have shifted upward, with the opening showing a contraction followed by a consolidation trend, indicating that the trend has expanded from a rebound to a range trading in the short term. There is pressure on the upper band and support on the lower band. We need to observe whether the rebound trend can continue. If it can hold around the mid-band at 112600 and increase in volume upwards, the bulls are expected to regain an advantage; otherwise, it will return to a low-level consolidation.
Bitcoin suggestion: Long at 112000-111500; target around 113500
Ethereum suggestion: Long at 4480-4450; target around 4550
