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#ETH Bitcoin continues the overnight volatility and downward trend, dipping to a low of 115865 before rebounding. It has currently risen to near the lower band of the Bollinger Bands, undergoing a technical correction around the 107000 level. Ethereum is also weakening, having reached a low of 3693 before starting its rebound. This morning, we provided a relatively aggressive bullish outlook, with a long order set around 117000 for BTC. The market retraced to around 116000 to replenish margins and lower the average price, and as the market further recovered to around 117800, we took profits, capturing over a thousand points. Ethereum is aligned with BTC's strategy, with a long order set near 3730 and margin replenishment around 3700, and the market rose to around 3790 before taking profits, capturing 73 points.
The current market shows that Bitcoin has repeatedly formed doji candlesticks on the daily chart, maintaining an overall box consolidation pattern, but long-term bottoming signals are becoming clearer. From the market performance, bulls still dominate — each pullback is accompanied by a quick rebound, fully confirming the effectiveness of buying support. On the technical indicators front, Bitcoin's upward trend remains strong: the Bollinger Bands continue to open upward, with prices stabilizing between the middle band and the upper band, indicating that the bullish market structure remains unchanged, and there are no signs of a decline in upward momentum. The moving average system presents a typical bullish arrangement, with short-term moving averages crossing above long-term moving averages sequentially, forming solid support and further strengthening the overall bullish structure.
BTC can be long ordered in the range of 116300-116800, looking at around 119000. Ether can be long ordered in the range of 3690-3720, looking at around 3850. #BTC