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#美联储官员集体表态 The market is experiencing a significant turnaround, with prices showing a strong upward trend!
The market pattern changed on Monday morning, with the Bitcoin price breaking through the upper band of the four-hour chart accompanied by an increase in trading volume. Starting from the 1180 area, the bottom construction signal that appeared at the 1085 position last Friday has indicated a suitable entry point, achieving a long-short conversion. The market is ever-changing, and only those who react quickly can profit!
Regarding Bitcoin:
The current market situation on the four-hour time frame shows an increase in trading volume, with the price breaking through the upper resistance area. The moving averages are forming a bullish arrangement with a golden cross, releasing bullish signals. The RSI indicator has entered the overbought area. From the overall structure of the daily chart, this rebound reflects a healthy market demand. To fully establish a bullish trend, it needs to stabilize above 1157. There is still upward space in the short term, with an intraday support level at 1114. As long as the hourly level correction does not fall below this position, a bullish trend is likely to continue. The strategy mainly focuses on buying during corrections.
The operational suggestion is to go long in the range of 1113-1118, with a stop loss set at 1105. The initial target price is 1123-1132, and after breaking through, one can expect 1140.
Regarding Ethereum:
Despite a relative weakening, the overall trend remains consistent with Bitcoin. The key point of focus is still the 4070 long-short boundary line. If the four-hour pullback does not fall below this level, there is still upward potential. To form a strong bullish trend, it is necessary to hold above 4380.
The operating suggestion is to go long around the 4075-4098 range, with a stop loss at 4020, and an initial target price of 4144-4214, with the possibility of expecting 4260 after a breakout.
$BTC $ETH