#以太坊突破3800 Midday thoughts of Meng Zhou

Bitcoin continued its oscillating downward trend overnight, hitting a low of 115865 before rebounding, currently rising to the lower-middle track, and undergoing a technical adjustment near 117000. Ethereum also weakened concurrently, reaching a low point of 3693 before starting its rebound.

This industry relies heavily on experience, far beyond imagination; professional judgment never comes out of thin air. It is through countless instances of right and wrong, winning and losing, that I have gradually developed my current market sense. Since I can publicly share strategy points in advance across the entire network, many times I can securely pocket profits. If you are still struggling to find the right direction, catch the entry point, or determine the exit timing, why not follow my rhythm? I will guide you to monitor the market in real-time and navigate the trends. Perhaps this choice could open new possibilities for your investment world.

From the current market perspective, Bitcoin has repeatedly formed doji candlesticks on the daily chart, maintaining a range-bound oscillation pattern. However, the long-term bottoming signals are clear, and the bulls still dominate. Each pullback has been able to rebound quickly, confirming solid buying support. In terms of technical indicators, Bitcoin's upward trend is strong, with the Bollinger Bands continuously opening upward, and the price operating steadily between the middle and upper bands, indicating that the bulls still control the market, and the upward momentum has not yet depleted. The moving average system shows a typical bullish arrangement, with short-term moving averages crossing above long-term moving averages, forming solid support and further strengthening the bullish structure. However, as prices rise, some profit-taking may occur, leading to potential short-term pullback pressure. If the rise is accompanied by increased volume, the trend's continuity will be stronger; if it stabilizes after a pullback, the bulls are expected to exert force again.

The large pancake targets around 116500-116000 with a goal of 117800.

The concubine is focused on the target of 3720-3680, aiming for 3800.