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Good morning everyone on this new day. Looking back at the overall market trend from last night to the early morning, after the price of BTC surged, the overall market has shown a retracement phase. Currently, the price of BTC is fluctuating around the bottom. After Ethereum retraced to a low last night, the overall market has also been running sideways.
Looking at the four-hour level first, after a slow decline with consecutive bearish candles, the price has turned bullish again. Although the current rebound strength appears to be relatively slow, this is a positive sign. The price has shown signs of a turning point and is expected to rise further. After a V-shaped movement, the price is still operating at a high level, and the pullback is merely a normal corrective trend. From the current structure, the four-hour setup also possesses the potential for another upward push. The continuous back-and-forth consolidation is building momentum, and with the rising lows, we are just waiting for a breakout to create space. Currently, the price is once again in a volatile range; waiting for a pullback doesn't hold much significance. Market buy.
BTC: 117000 rooms long Target 119500
Ethereum: Long at 3740 Target 3850 #BTC# #ETH#