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The recent one-day market trend has indeed been quite interesting. Bitcoin and Ethereum have been fluctuating back and forth from last night to early this morning—initially surging upward, then dropping sharply, followed by a quick rebound, forming a typical high-level oscillation pattern. Currently, both assets are consolidating at high levels, with bears and bulls vying for control at critical points.
Previous trades were quite smooth—last night, the Bitcoin short position yielded over 1,000 points in profit, and Ethereum also gained 30 points. In the early morning, I immediately switched to a long position, earning over 700 points on Bitcoin and an additional 45 points on Ethereum. This shows that the rhythm has been well managed.
From the 4-hour K-line chart, the price showed a rebound signal after touching the lower band, indicating that the support below is indeed strong. As long as the price does not break below the lower band, the outlook remains bullish. Combining with the 1-hour chart, which has already shown five consecutive bullish candles and started to pull back after touching the middle band, the current phase is still testing the lower support. The next strategy is to use the lower band as support and focus on accumulating long positions at lower levels.
Specifically:
**Bitcoin**: Consider going long on dips within the 90,500-90,000 range, targeting around 92,000-93,000.
**Ethereum**: On dips to around 3,130-3,100, consider establishing long positions, with targets at 3,200-3,250.
The market logic is still unfolding, and the strength of the support levels directly influences the subsequent direction.