#BTC After the morning session, BTC recovered to around 124200 but encountered resistance and fell back. Currently, it is oscillating narrowly around 123700, and the short-term upward momentum is temporarily under pressure. In contrast, ETH is performing more strongly, showing a steady and slow upward trend throughout the day, with long positions releasing momentum smoothly and coherently. The market sentiment is clear: as long as the key resistance level is not effectively broken, the overall long positions pattern remains solid. In terms of operations, one can rely on the resistance level for defense and prioritize seizing opportunities for the continuation of long positions.

Observing the current market, the BTC 4-hour cycle shows a clear signal: after three consecutive bearish candles, the price encountered strong support below the 122000 mark, with buying strength evident in this area, making it a key anchor point for the short-term trend. Subsequently, the long positions quickly built momentum for a counterattack, not only completely recovering the previous retracement space but also continuing the "stair-step upward" candlestick pattern. Overall, market dominance remains firmly in the hands of the long positions, with current upward momentum abundant and structural patterns intact, leaning towards a positive short-term trend.
Long positions near BTC 123100, target 124000
Long positions near ETH 4520, target 4650.