A new day brings new beginnings. Good morning, everyone. The market conditions in the early morning did not show much change, mainly revolving around fluctuations in a small cycle. Are we feeling frustrated again? Bitcoin's price reached a high of 116900 so far this morning, but the 117000 mark has not yet been broken. As for Ethereum, it showed a trend of shifting from small negative to small positive in the early morning, and the price has risen again to around 4380.

From the four-hour price perspective, the current market has fallen below the mid-track but has not shown signs of continuing downward movement; on the contrary, there are signs of stabilization. Additionally, the Bollinger Bands are contracting, indicating that volatility will build up here to establish a trend rhythm. Currently, there is frequent conversion between small bearish and bullish candles, providing a certain rebound trend. From the hourly level, the mid-track has been broken, making a rebound a necessity. Old Chen suggests that on Tuesday morning, we should participate in low-buying around the support level to ride the continuation of the rebound.

Bitcoin: Long at 116500 Target 118500
Ethereum: 4350 long Target 4450#BTC #ETH
#BTC ETF持仓破1530亿美元