Yesterday morning, Bitcoin faced pressure after reaching 110,500 and fell back, showing a tendency for slight fluctuations and corrections during the day. Currently, the price is operating above the midline on the daily chart, with the MA5, 10, and 30-day moving averages resonating and trending upwards. The MACD is forming a golden cross with the fast and slow lines below the zero axis, and the KDJ three lines are slightly rising. Additionally, the TD indicator has reached an upward TD4. Overall, the bullish sentiment is strong, but the only risk lies in the 2,000-point gap between the current price and the MA5 daily moving average. It is expected that there will be some retracement in the early morning to solidify the lower support before continuing to rise. The lower support reference is at the 107,500 level; as long as the price does not break this support during the early morning, the daily update tomorrow will likely show a continuation of the TD5 upward trend.

After the 4-hour line closed in the early morning, the MA5 daily moving average showed a slight downward trend, and the MACD and KDJ exhibited a retracement sentiment. However, the overall trend through the BOLL band and the MA30-day moving average still maintains a resonating upward structure, indicating that the overall direction remains bullish. Combining this with the hourly chart, the current trend is leaning towards adjustment, with a short-term retracement sentiment. Therefore, my personal view for the early morning is that as long as the price does not break the lower support at 107,500, the market will continue its upward trend in the latter half of the night and early morning. Thus, for early morning operations, my personal view is to first go high and then low.

Trading strategy: Rebound at 109,300-109,800, target: 108,500-107,500, stop loss: 110,300.

For going low, reference points are at: 107,500-107,000, target: 109,000-110,000, stop loss: 106,500.

Ethereum has shown an independent trend today, and its overall movement is basically synchronized with Bitcoin. The rise yesterday caused a significant gap between the price and the MA5 daily moving average. Although the short-term trend is relatively strong, there is still a risk of retracement for Ethereum. The high resistance reference is at the 2,800-2,860 level, and the low support reference is at the 2,650 level. Therefore, for early morning operations, my personal view is consistent with Bitcoin: first go high and then low.
Trading strategy: Rebound at 2,765-2,795, target: 2,700-2,670, stop loss: 2,815.
For going low, reference points are at: 2,680-2,650, target: 2,750-2,800, stop loss: 2,620.
For the short-term trend, it is expected to be sufficient, and I will continue to follow up.
This personal view is for reference only; there may be delays in article review and push notifications. The market changes rapidly, so specific entry and exit points should be based on real-time guidance. Please be cautious when entering the market. Analysis is not easy; I welcome everyone to like and follow the public account for surprises!

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