币圈-叶子

In the afternoon, we suggested a strategy of looking for a rebound before entering short positions. The price rose strongly from the 104920 level to the 106777 level. The long position we suggested at the current price successfully gained nearly 900 points. Currently, the price is fluctuating around 106600, which is a normal technical correction phase after a strong one-sided rise. The bulls still have some space to grow. For the future, we will first look to go long with the trend, and then it won't be too late to flip to a short position after that.

From the 1-hour chart perspective, Bitcoin is showing a pattern of fluctuating upward followed by high-level consolidation today. In the morning session, there was a battle between long and short positions at low levels, with small red and green candles alternating. Later, relying on support, it broke through the fluctuating range to initiate a rebound. After lunch, the bulls accelerated, with a large bullish candle reaching the high point of 106777. Subsequently, small body candlesticks entered a consolidation phase, without disrupting the upward momentum. On the indicator level, the middle track of the Bollinger Bands has turned upwards, and after briefly retracing following a breakout of the upper track, the middle track and short-term moving averages are forming a resonance support; the MACD indicator's green bars have turned red and are continuing to widen, with the DIF crossing above the DEA and maintaining an upward trend, validating the bullish momentum; the KDJ indicator's three lines are intertwined at a high level, showing an overbought signal but not crossing, reflecting a temporary bullish advantage amid long and short divergence. Overall, the current bulls dominate the short-term trend, and high-level consolidation has a high probability of being a trend continuation. Operations can rely on key support such as the middle track of the Bollinger Bands to accumulate long positions at low points, while also being cautious of the risk of a pullback if there are consecutive bearish candles breaking support. Attention should be paid to the breakthrough of previous highs and the situation of support defense to respond to trend continuation or phase corrections.

You can go long directly at the current price for Bitcoin, targeting around 108000; for Ethereum, you can go long in the 2600-2580 range, targeting 2700. $BTC $ETH

During lunchtime, we provided ideas for taking advantage of the current price, successfully securing a 900-point profit and exiting at Luodai. Currently, the price is fluctuating around 106700, with strong bullish momentum. Here, we see an upward trend, entering long at the current price of 106620, with a target of 107500. $BTC

Currently, the price comparison is fluctuating around 105800, with a strong bullish trend. We can expect a rebound, currently at 105826, go long directly, target 106500. $BTC

The morning market shows a typical range-bound fluctuation trend, with the Bitcoin price being pressured down from the 105700 level, fluctuating down to the 105030 level. The Ethereum market is under pressure at the 2552 level, reaching a low of 2513. The bearish outlook we provided in the morning, although not at a perfect exit point, generally aligns with expectations; the direction is correct, and profits depend on stability.

From a technical analysis perspective, on the daily chart, after four consecutive bearish candles, there are now two consecutive bullish candles. However, the body of yesterday's bullish candle is relatively small, and the lower shadow is quite pronounced, indicating that the support level below at 104800 is still relatively strong. Although there has been a rebound in price, it still operates near the lower middle band of the Bollinger Bands, with the three Bollinger lines maintaining a stable parallel state. On the 4-hour chart, the price has currently rebounded to just above the middle band of the Bollinger Bands, with long lower shadows. The Bollinger Bands are narrowing, and there is a tug-of-war between bulls and bears. It is expected that the market will continue to maintain a narrow range-bound fluctuation, with a short-term view for a rebound, aiming for short-term long positions.

In the afternoon, a short position can be opened near 106500 for Bitcoin, targeting around 104500; for Ethereum, a short position can be opened at 2590-2610, targeting around 2500. $BTC $ETH

Good morning! Bitcoin has been in a slow downward trend since midnight, with the price briefly dipping to 104,399. Although there was a rebound afterward, it is still fluctuating around the 105,000 mark; Ethereum also faced resistance at 2,559 and quickly retreated to the key support level near 2,490. The market is engaged in intense long and short battles, and the short-term direction remains unclear.

From the analysis of the four-hour candlestick chart, after the price broke below the middle track support, there was a slight rebound, but the rebound strength was weak, failing to regain the middle track, indicating heavy selling pressure above. The Bollinger Bands are gradually widening, which means increased market volatility, and the market will likely continue its downward trend. Currently, the candlesticks have been consistently closing in the red, with a clear bearish arrangement trend, and the overall market structure has shown top characteristics, increasing the risk of further declines. Observing the hourly level, the price has repeatedly faced resistance at the middle track during rebounds, and the moving average system has formed a bearish arrangement. Short-term bearish momentum continues to strengthen, with the rebound highs constantly shifting downward, and the short-term moving average system beginning to diverge downward, forming a suppressive situation. The range of 105,500 - 105,800 is not only a dense trading area from previous rebounds but also coincides with the resistance level of the hourly middle track, forming a strong resistance zone. If the price is pressured in this range, there is a high probability that around 104,200 will become the bearish target. Regarding Ethereum, the daily level has continuously closed with long upper shadows, indicating heavy selling pressure above. The range of 2,550 - 2,580 is both an important previous high and the upper Bollinger Band resistance area on the four-hour chart. If it cannot be effectively broken through, it is likely to continue the downward trend, targeting the support level of 2,480 below.

It is recommended to short Bitcoin in the range of 105,700 - 106,200, with a target price of 104,000; for Ethereum, short positions can be arranged in the range of 2,560 - 2,580, with a stop-loss set at 2,610 and a target below at 2,480. $BTC $ETH

This week's market trend has been turbulent, resembling a thrilling tug-of-war. At the beginning of the week, it continued the bullish momentum from last weekend, with prices consistently climbing, briefly touching a high of 110,653. However, it encountered strong resistance here, and both bulls and bears engaged in fierce battles, leading the market to consolidate at high levels. Even with the favorable CPI data released this week, prices failed to break through the 110,000 mark. Due to unexpected news, prices dropped sharply to 102,614 during the day, but subsequently began to gradually recover. By the weekend, prices fluctuated narrowly around 105,000.

From a technical analysis perspective, the daily chart formed a doji candlestick pattern. After failing to break through the resistance at 110,000, the price fell back, leaving a long upper shadow, and the current doji candlestick pattern shows significant high-pressure, indicating the possibility of further price pullback. Considering that the interest rate cut policy is expected to come into effect until July, the market is likely to continue to wash out the bullish leverage next week. As long as the key resistance level is not broken, Bitcoin prices are expected to pull back to the 100,000 round number next week, with a focus on the impact of next week's interest rate decision. The daily trend shows that the previous five consecutive bullish days were engulfed by a large bearish candlestick, indicating that bears are in control. The Bollinger Bands are flattening, and the price rebound quickly fell back after reaching the middle band, suggesting that bullish momentum is difficult to sustain without effectively breaking through the middle band. Due to slow market movements over the weekend, price fluctuations were limited, but new volatility is expected next week; from the 4-hour chart, the candlesticks show a weakening oscillation after a peak and drop, with continuous high positions forming candlesticks with long upper shadows, reflecting heavy selling pressure above and diminishing bullish momentum. During the pullback, the price broke through key support and entered a phase of range-bound consolidation, with candlesticks crossing repeatedly within a relatively narrow space, indicating a temporary balance of bullish and bearish forces. Overall, the previous uptrend has been damaged, and the market is in a short-term oscillation correction. If it cannot break through the upper resistance, there is a possibility of continued downward testing of previous lows or probing new support after oscillation; if it can effectively break through the resistance range, it may regain bullish momentum.

It is recommended to set short positions for Bitcoin in the range of 106,000-106,500, targeting around 103,000; for Ethereum, it is suggested to short in the range of 2,570-2,590, targeting around 2,420. $BTC

The Bitcoin market has recently continued a volatile downward trend. After accurately capturing a drop of a thousand points with a short position strategy early yesterday morning, the price briefly rebounded to a high of 106,156 in the evening, but the bearish pressure was significant, leading to a quick pullback, with the lowest point in the afternoon dropping to around 104,735, entering a phase of sideways consolidation. Ethereum is also under pressure, and the short position strategy successfully captured a profit of 50 points.

From a technical analysis perspective, on the daily level, Bitcoin has completely fallen into a mid-term bearish pattern. The candlestick combination shows a standard bearish arrangement, with the MA5 and MA10 moving averages forming a death cross and continuing to diverge downwards, creating solid resistance; the MACD indicator continues to operate weakly below the zero axis, with the DIF and DEA lines consistently declining, showing no signs of convergence. More critically, the price remains constrained below the middle Bollinger Band, with bears firmly controlling the mid-term trend; switching to the 4-hour level, although there are occasional small bullish rebounds, the overall pattern remains a downward continuation. The strength of the candlestick rebound is weak, and the MACD green momentum bars are repeatedly expanding, indicating that bearish momentum is still accumulating; the Bollinger Bands are continuously expanding downwards, with prices briefly touching the upper band but quickly retreating under pressure, highlighting the effectiveness of the upper band resistance. The current rebound is merely a technical correction, and the subsequent trend is likely to continue downward. The operational suggestion for the day is to primarily focus on short positions, first observing the rebound and then seizing the opportunity for a second decline, with a key focus on the breakthrough situation of the resistance level above, responding flexibly to the bearish-dominated range-bound market.

For Bitcoin, short positions can be taken in the 105,500-106,000 range, targeting around 104,000; for Ethereum, short positions can be taken in the 2,560-2,580 range, targeting around 2,480. $BTC $ETH

The morning Bitcoin price trend shows a significant 'sharp rise and fall + oscillation adjustment' structure. The bulls pushed the price quickly up to a high of 106173, and then the bears took over, causing a substantial drop, with the lowest point dipping to around 105150, forming a deep pullback. Currently, the price has entered a stage of oscillation and consolidation, with repeated battles between bulls and bears. If it cannot effectively break through key resistance or support, the oscillation pattern may continue, and Ethereum aligns with Bitcoin's trend.

From the current market perspective, during the process of rising and falling, the price briefly broke through the upper band, then quickly fell back and broke through the middle band. The current oscillation range is mainly between the middle band and the lower band. The middle band exerts some pressure on the price, while the lower band serves as short-term support, indicating that the overall price performance is currently weak and oscillating. If it can break upwards through the middle band, it may open up space for a rebound; if it breaks below the lower band, it may drop further. From a technical indicators analysis, the J value is at a relatively high level but has not entered the overbought zone. The K value has crossed above the D value, forming a golden cross, indicating that the short-term market has some rebound momentum, with bulls trying to gain strength in the oscillation. However, the strength of the golden cross is limited by the overall bearish trend. If the K and D values can continue to rise, it may strengthen the rebound signal; if the J value turns down, the rebound may encounter resistance and fall back. The MACD green bars, although showing signs of shortening, are still in an overall bearish arrangement, indicating that while bearish power has weakened, it has not completely dissipated, and the trend remains bearish. If the MACD can form a golden cross and the red bars expand, it may reverse the bearish pattern; if the green bars extend again, the price is likely to continue to decline. Moving forward, key position breakthroughs need to be closely monitored. In terms of operations, short-term low buying and high selling opportunities within the oscillation range can be focused on, and following the trend after a breakout.

You can short Bitcoin in the 105500-106000 range, targeting around 104000; for Ethereum, you can short in the 2570-2600 range, targeting around 2480. $BTC $XRP

On Friday, the market fluctuated, with Bitcoin forming a V-shaped pattern. Early in the session, bearish forces were strong, causing the price to drop to a low of 104,069. Subsequently, bulls quickly gathered and launched a counterattack, peaking at 105,912. The current price is consolidating around 105,000, with bulls and bears battling within this range. Ethereum's trend is in sync, rebounding after a pullback to the key support level of 2,505, with bullish momentum driving the price upward, peaking at 2,589. It is currently retracing and consolidating around 2,530, showcasing the fierce competition between bulls and bears.

From the 4-hour chart, Bitcoin's price shows a low-level consolidation after a downward fluctuation. After previously reaching a high of 110,653, bearish forces took over, with K-line continuously closing downwards, significantly retreating to a low of 102,614. It then entered a low-level fluctuation phase, with bulls and bears repeatedly battling in the 104,000 - 106,000 range. The K-line alternates between bullish and bearish, reflecting a near stalemate in short-term bullish and bearish forces. The price fell below the middle Bollinger Band, which has turned from support to resistance, guiding the price further down to test the lower band area. The price is operating within the middle and lower Bollinger Band range, with the opening showing signs of convergence followed by expansion, indicating that volatility may intensify; the KDJ's three lines have formed a golden cross at a low level and are diverging upwards, showing short-term rebound momentum; the MACD indicator is in a death cross state, with green energy bars continuing, indicating that the overall bearish trend has not completely reversed, but the low-level golden cross signal may suggest a short-term shift in bullish and bearish forces. Overall, despite attempts at a short-term rebound, the market is still under the influence of the bearish trend, and future focus should be on the effectiveness of the lower band support. If the price continues to break below the lower band, the bearish trend may continue; if it can stabilize and break above the middle band, bulls may have a chance to counterattack.

Bitcoin can be shorted in the 105,700-106,300 range, with a target near 103,800. Ethereum can be shorted in the 2,560-2,590 range, with a target near 2,480. $BTC $ETH

Affected by the market liquidity fluctuations triggered by the lower opening of the US stock market, Bitcoin and Ethereum briefly welcomed a rebound opportunity, but the upside space is still constrained by the intraday volatility range. From the current market performance, the short-term rebound has not changed the overall downward trend, and the trading strategy for the evening remains bearish.

Specific operational suggestions: Bitcoin can be lightly shorted around the current price of 105,000, with a short-term target of 104,200; for Ethereum, short positions can be entered at the 2,555 price level, with a lower target set at 2,500. During the trading process, it is necessary to strictly control positions and set stop losses to prevent risks from sudden market fluctuations. $BTC

In the Bitcoin market, the price trend is often filled with uncertainty. When the price fluctuates slowly, it is a critical moment to test investors' mentality. At this time, one must not be driven by anxiety and impatience, and should understand the wisdom of patiently waiting. The brewing of the market is like planting in spring and harvesting in autumn; what seems like a calm sideways fluctuation period is actually a process of energy accumulation and building momentum. Maintaining rationality and restraint, and eliminating the impulse for frequent operations, allows one to calmly wait for a change in market direction. Only then can one reap the fruits of their investments when the opportunity matures.

From the perspective of four-hour technical analysis, the Bitcoin and Ethereum markets show a clear bearish dominance pattern. After a brief technical rebound, both bulls and bears have reached a stalemate in the market, but key technical indicators are releasing strong bearish signals: the Bollinger Bands continue to open downward, indicating that the downward channel has already opened; the MACD indicator has formed a death cross at a high position and is continuing to diverge downwards, while the momentum bars below the zero axis are continuously increasing, further validating the strengthening of bearish power. The current price rebound is merely a correction in the downward trend, and the likelihood of a trend reversal in the short term is low; it is highly probable that the market will continue to fluctuate downwards. In terms of operation strategy, it is recommended to maintain a short-selling mindset when prices rise.

Bitcoin can be shorted around 105500, with a target price of 102000; Ethereum can be shorted around 2550, with a target looking down to 2450, and strict stop-loss settings should be established to control risk. $BTC $ETH

In the afternoon session, the price comparison showed a pattern of rising and falling back. After the price surged to a relatively high position of 105459, bearish forces dominated the market, resulting in several consecutive long bearish candlesticks. The densely arranged bearish candlesticks significantly reflect the strength and persistence of the downtrend, with each bearish candlestick pushing the price gradually lower. Currently, the price comparison is close to the lower range. Although there are occasional small bearish and small bullish candlesticks alternating briefly, suggesting signs of a tug-of-war between bulls and bears, the overall situation has not broken free from the constraints of the downtrend, and the short-term downward inertia still exists, indicating strong trend continuation.

From the current market perspective, during the process of retreating from the high, the price comparison effectively broke below the middle support line and continues to run along the lower line, with the lower line becoming the current short-term support level. The Bollinger Bands are showing a downward divergence, indicating a high probability of a continued short-term downtrend; if the price can stabilize and rebound back above the middle line, there is hope to reverse the weak pattern. Otherwise, once the lower line is effectively broken, the downside potential may further open up. From the technical indicators, the K value continues to cross down through the D value, forming a death cross, and both have been moving downward synchronously after the death cross, indicating that bearish momentum still holds the upper hand in the short term, with price momentum weakening. Close attention should be paid to whether the K and D values can turn upward and form a golden cross. If this signal appears, combined with the candlestick patterns, it could be seen as a sign of a short-term rebound initiation. The DIF line crosses down through the DEA line to form a death cross, and the negative MACD histogram continues to lengthen and expand, clearly conveying the signal that bearish sentiment dominates and downward momentum continues to be released. However, if the MACD histogram starts to shorten subsequently, and the DIF and DEA lines show convergence, it may suggest a weakening of downward momentum, providing potential opportunities for a rebound in the price comparison.

For Bitcoin, short positions can be taken in the range of 105200-105700, targeting around 102000; for Ethereum, short positions can be taken in the range of 2530-2550, targeting around 2440. $BTC

In the afternoon layout, long positions have taken profits, with Bitcoin gaining over 1200 points. Currently, the rebound space has been provided, and further declines are expected to test the bottom support. The market's weak structure is clear, and operations can continue to look downward, paying attention to the support situation at the 102000 level.

Bitcoin can be shorted near 105400-105900, watching the 102000 level. Ethereum can be shorted near 2550, watching the 2440 level. $BTC

Currently, the bullish forces are strong, the KDJ shows a golden cross pattern extending upwards, we are bullish on Bitcoin's future, aggressive traders can buy directly at the current price of 104422, target 106000. $BTC

This morning, the market continued the bearish trend. After opening, Bitcoin fluctuated near the 106,000 mark, and then accelerated its decline following the overnight drop, reaching an intraday low of 102,614. Ethereum's trend closely mirrored this, starting a one-sided decline from the 2,660 price level, dropping to a low of 2,457 during the morning session. This morning, we suggested a bearish approach, entering around 106,000 and capturing nearly 3,000 points before exiting. The market is unpredictable, and only with real experience can one truly understand what it means to seize opportunities in trading.

From a technical perspective, the four-hour K-line shows a large bearish candle breaking the level, with the Bollinger Bands significantly widening and the middle line shifting from flat to downward pressure. The MACD indicator has a death cross that continues to diverge, with the green momentum bars increasing, releasing a strong bearish signal. On the hourly chart, prices have sharply declined and breached the lower Bollinger Band, with both bulls and bears fiercely contesting around the key support level. Although the KDJ indicator is in the oversold region, the three lines have begun to converge and show signs of turning upward, indicating a potential short-term rebound demand. Based on the current market characteristics, the strategy suggests a focus on short positions.

Bitcoin can be shorted in the 104,500-104,000 range, with a target near 102,000; for Ethereum, it is recommended to enter short in the 2,530-2,510 range, setting the target price at 2,450. $BTC $ETH

Looking back at the overall market situation in the early morning, Bitcoin experienced a slight rebound from a low point, quickly followed by a deeper round of decline. The price dropped like a flood, reaching a low of around 105,704. The long position we set up at midnight only captured part of the rebound, ultimately resulting in a small loss upon exit. Ethereum's trend has basically shown a one-sided downward movement. Although there were rebound trends along the way, they were strongly suppressed by bears, causing the rebound strength to fall far short of expectations.

From the current market situation, there was an initial pullback in the overall market in the early morning, followed by a second downward test. After a slight pullback, the market rebounded higher, and it seemed that the bulls had some continuation, but it was a slow recovery. On the hourly level, the price has been oscillating repeatedly under pressure around the upper and lower Bollinger Bands, and it has not been able to break through the high for a long time, remaining in a range-bound oscillation in the short term. However, from the analysis of various indicators, the structure tends to favor bears. From a technical indicator perspective, Bitcoin's MACD is below the zero line, and the histogram continues to lengthen, indicating that bearish strength is increasing; the RSI is around 40, suggesting that the market is in a weak situation, dominated by bears. Ethereum's KDJ indicator has three lines diverging downward, indicating that the market is in a clear bearish trend; the Bollinger Bands are opening downward, with prices operating near the lower band, further confirming strong bearish strength. In such market conditions, if the rebound does not break the high, one should continue to look for a retracement; if the pullback cannot stop the decline, one should not blindly take long positions, and the overall strategy should focus on high short positions.

Bitcoin: Short around 106,500-107,000, target 105,000, stop loss 108,000; Ethereum: Short around 2,670-2,690, target 2,580, stop loss 2,720.

Yesterday, due to family matters, I was unable to update the post in a timely manner. However, the market trend on Thursday was clear, so let's review yesterday's market conditions: Bitcoin's price rebounded to around 110,000 after midnight but quickly faced pressure and fell back, opening a one-sided downward channel. It reached a key support level of 106,500 in the evening and rebounded from the bottom, currently rising back to around 107,500. Ethereum's trend was highly consistent with Bitcoin, rebounding strongly after hitting a low of 2,710, and the current price has stabilized at 2,720, with upward momentum significantly increasing.

From an overall perspective, Bitcoin's one-sided downward movement precisely targeted the 106,500 support level, which is exactly at the midpoint on the daily chart. Previous trend analysis has clearly indicated that 106,500 is the watershed that determines the dominance of bulls and bears. Despite frequent positive news in the market, Bitcoin faced heavy selling pressure at the 110,000 mark. If it can effectively hold above 106,500, the bullish pattern is expected to continue. From the daily chart perspective, the price remains in a wide fluctuation range, with the Bollinger Bands in a horizontal running state, indicating fierce market competition between bulls and bears. However, there are significant resistances above, and without stronger positive drivers, it will be difficult to break through historical highs in the short term. The four-hour chart shows that after a continuous downward trend, Bitcoin has begun to rebound, but this correction has slowed the upward trend. Although the bulls still hold an advantage, the likelihood of sustained one-sided upward movement in the short term is relatively low, and it is expected to fluctuate and accumulate momentum in the mid-band area, gradually moving into a fluctuating upward market. It is worth noting that there is a liquidity gap above 108,500, and caution is needed for the risk of price fluctuations in this area.

Bitcoin can be bought on dips around 107,000-106,500, aiming for a target price of 109,000; for Ethereum, it is recommended to lay out long positions in the 2,730-2,710 range, targeting 2,800.

Affected by the overnight closing of the US stock market, the cryptocurrency market is under pressure in the early session. Bitcoin's price quickly dipped to 108,000 to test support, briefly stabilized before entering a consolidation mode, forming a typical range-bound pattern. After a rebound to 2,880 the previous night, Ethereum encountered strong resistance, and following a fierce battle between bulls and bears in the early hours, the price began to pull back, hitting a low of 2,740 before falling into sideways consolidation. From the current market structure, bullish momentum has clearly weakened, and bearish forces are quietly accumulating, facing a potential trend reversal overall.

On the daily chart, Bitcoin closed with a bearish candle, giving back previous gains, not only retesting key support levels but also confirming strong resistance at the 80,000 mark during the probing process, which suggests that the current consolidation may likely be a signal of bearish accumulation. The pullback after the rise is not a normal adjustment but rather reveals hidden risks of insufficient follow-up bullish momentum. Currently, the price is in a high-level range, which is actually a precursor to an impending bearish move, with a high probability of continuing the downward trend on the daily chart. On the four-hour chart, two consecutive doji candlesticks are hovering around the middle Bollinger band, and beneath the seeming consolidation, there are clear cracks in the upward channel. Combined with the weak rebound after testing the key integer level on the daily chart, the bearish trend is beginning to emerge. The main focus is on whether the support below is strong; if it breaks down, the space below will open up.

It is recommended to set up short positions around 108,000-108,500 for Bitcoin, targeting 106,500; for Ethereum, consider shorting on highs within the 2,740-2,760 range, with a target below at 2,620. Note that the volatility during the Asian session is relatively small, but as bearish forces gradually release, the downward space during the day is worth anticipating. It is advised to strictly set stop-loss orders to control risk.

Good morning everyone! Let's take a look back at the market from midnight to morning. Bitcoin entered a correction channel since midnight, showing signs of bottoming out, but the overall correction amplitude is limited, with a minimum touching the 108300 mark. From a technical perspective, this correction is considered a normal consolidation, neither a trend reversal signal nor exhibiting sustained downward momentum, but more like a buildup of strength for a subsequent bullish assault. Ethereum also experienced a downward trend, with the price once touching a temporary low of 2758.

Combining technical analysis, the 4-hour K-line chart of Bitcoin shows that the upward trend line remains solid, and the Bollinger Bands are gradually narrowing, indicating that the market is brewing a new directional choice. After the correction to the middle track of the Bollinger Bands, Bitcoin maintained a fluctuating recovery, triggering rapid rebounds each time it tested the lower support level, validating the effectiveness of the support range and limiting further downside space. The 4-hour chart of Ethereum clearly shows signs of stabilization. Based on the current market being trapped in sideways fluctuations in the short term, with the Bollinger Bands closing upwards, the overall trend still leans towards bullish dominance. This morning's strategy remains to buy on dips, paying attention to the strength of the corrective pullback.

Bitcoin can be bought near 108000, with a target of 110000;
Ethereum can be bought at 2740-2720, with a target near 2860. $BTC $ETH

Today's market has once again completed its cycle. Recently, the market has been stagnant during the day and began to gain momentum in the early morning. Our bullish outlook remained unchanged throughout yesterday, and we repeatedly emphasized the trading strategy of buying on dips, which the market trend accurately validated. During the day, Bitcoin and Ethereum prices showed a stepped downward fluctuation, gradually testing the key support levels below. With the release of the U.S. CPI data in the evening, the market welcomed a significant favorable catalyst. After the data was announced, Bitcoin took the lead, surging strongly and reaching the 110,300 mark. Affected by profit taking, the price briefly corrected below 110,000. Ethereum and Bitcoin exhibited a strong correlation effect, with prices rising sharply in synchrony, reaching a peak of 2,880.

From a technical analysis perspective, Bitcoin maintains a high-level consolidation pattern on the daily chart, with prices consistently close to the short-term moving average, showing a steady upward trend; the 4-hour K-line oscillates upward along the short-term moving average, demonstrating a clear bullish dominance. Although the current price is close to the previous resistance range, the adjustment is limited, and the probability of maintaining a rebound in the short term is relatively high. Considering the current market performance, this round of upward trends shows a strong one-sided characteristic, with weak pullback strength, and prices are expected to challenge historical highs. Given the current market situation, we continue to maintain a bullish outlook and buy on dips.

In terms of specific operations, Bitcoin can be positioned for long orders around 108,000, targeting a price of 111,000; Ethereum can enter long positions around 2,800, targeting a price of 2,950.$BTC $ETH