Midday Bitcoin and Ethereum Trading Suggestions and Direction Sharing

Bitcoin staged a deep rebound last night, strongly attacking from the low of 110966, reaching a maximum of 112540, with a daily fluctuation exceeding 1500 points; Ethereum followed suit with an intraday amplitude of over 150 points. This rapid reversal highlights the high volatility characteristics of the market. In the absence of a trend guide, Bitcoin also oscillated around key levels in the early morning.

From the current market perspective, observing from the one-hour level, the market has seen five consecutive bearish candles testing downwards, with prices gradually approaching the key support level of the middle Bollinger band. The resistance effect of the middle band is beginning to show, which has significantly slowed the downward speed, and the short-selling momentum has somewhat weakened. Although it is still technically in a short-term correction cycle, the price has not effectively broken below the middle band support, and the overall Bollinger band maintains an upward opening trend, indicating that the market's bullish structure has not been damaged. Combining the golden cross prototype formed above the zero axis on the MACD indicator, along with the gentle shrinking volume during the correction process, it can be confirmed that the current adjustment is a healthy technical correction. Therefore, in terms of operational strategy, it is recommended to continue adhering to the idea of buying on dips, focusing on the stabilization signals near the middle band support level. Once the price completes sufficient consolidation, it can still rely on the middle band as a defense point to position long orders.

Long orders can be placed near Bitcoin 111000-111500, focusing on 113000

Long orders near Ethereum 4400-4430, focusing on around 4550 #BTC##ETH#