#加密立法新纪元 $ETH Do not be disturbed by short-term fluctuations. Every rise and fall of the K-line is a磨砺 of wealth perception. Firmly predict the trend, as if guarding the spark deep within. Stay calm and grounded during declines, and remain clear-headed during rises, so you can seize your own brilliant stars amidst the tumultuous market.
Looking back at today’s market, Bitcoin dipped to around 116800 at its lowest and surged to the region of 118500 at its highest, with overall fluctuations being limited, displaying a consolidation pattern around the range of 118200 - 117900. Ethereum first reached a peak of 3620 in the early morning before retreating to a low of 3470, then rebounded back to the 3600 range, currently stabilizing around 3540. Under the careful arrangement of Teacher Da Bao, Bitcoin secured a profit margin of 900 points, and Ethereum also gained a profit of 100 points.
From the current market perspective, the price remains within the Bollinger Bands channel, showing a clear short-term oscillation pattern, yet to break through the upper and lower bands to initiate a trending market. The bars in the MACD indicator are green but show signs of gradual convergence. Although a clear golden cross has not yet formed, the downward momentum has indeed diminished, suggesting the market may be brewing signals for a short-term rebound. Analyzing the price movements in conjunction with indicators, it can be seen that both bulls and bears are in a fierce game of strategy, and the short-term direction still needs to wait for a key breakthrough. In the trading strategy for the early morning, it is recommended to focus on low buying.
Bitcoin: Buy around 117300, target price 119000. Ethereum: Buy around 3530, target price 3620.
