$BTC Early morning Bitcoin rebounded from the low point of 107041, first bouncing to the high point of 107565 before falling back to around the low of 107034 for consolidation. A secondary rebound then touched the high point of 108218. Currently, it is slightly active around the level of 107900 for consolidation. The long position layout given in the morning has come to fruition; after the midnight Bitcoin bulls captured over 900 points of space, the morning's Bitcoin long position once again gained nearly 1100 points of space. Ethereum, after stabilizing around the low point of 2407 in the morning, quickly surged over 110 points, reaching a high of 2518, and is currently slightly retreating to around the level of 2500 for consolidation.
The 1-hour chart for Bitcoin shows a stair-step rising channel, with MACD showing a secondary increase indicating strong bullish momentum. The key resistance above is at 108500 (previous weekly high) and the psychological level of 109000, while the support below focuses on the morning breakout level of 107500 and the bullish lifeline of 107000. The 4-hour chart for Ethereum confirms a breakout from the downtrend line, with short-term resistance at the morning high of 2520 and the previous high pressure at 2550. Support is at the breakout level of 2480 which has turned into support, and the trend line at 2450. The cumulative profit space captured by the long position strategy from midnight to morning has reached 2000 points. The current market maintains a strong upward trend, but caution is advised for afternoon volatility in the European market. If Bitcoin falls below 107500 or Ethereum loses 2480, it may trigger a technical correction. It is recommended to set trailing stop-losses for all profitable positions to avoid any pullback, and to strictly control risks.
Bitcoin suggestion: Stabilize and go long at 107800-108000, stop-loss at 107500, target 108500-109000.
Ethereum suggestion: Go long near 2490 with targets of 2520-2550, stop-loss at 2470, partial take profit if reaching 2550.
