Morning surprises continue as the market fluctuates, giving us a new week's opening surprise! After a period of consolidation and pullback during midnight, a roller coaster market emerged in the morning. First, the large coin dipped to around 64900, then quickly rebounded, stretching nearly 2000 points. Ethereum synchronized and broke the previous low, reaching around 1936. The bottom long position idea given yesterday is still in use at this stage. The morning's breakdown pattern only belongs to the consumption of last week's waterfall pattern's remaining momentum, but the overall bearish momentum is clearly damaged and significantly hindered.
Short-term rebound sentiment is warming up again, and the upward trend is steadily gaining strength. Looking at the four-hour level, the market briefly dipped below the Bollinger Band's lower edge before quickly rebounding, with the candlestick strongly testing the middle band resistance, forming a long lower shadow at the bottom, proving that the morning's breakdown belongs to a false breakdown pattern, and the rebound effect in the later market is further strengthened. MACD's golden cross pattern is gradually expanding, and the trend has gradually turned bullish; the current market only needs momentum stimulation. The hourly level has formed a strong three consecutive bullish candlestick pattern, moving from the Bollinger Band's lower edge all the way to the upper edge. Moreover, the MACD is about to form a golden cross pattern again, proving that the bullish recovery is imminent, and the layout in the later market is expected to remain consistent.
Large coin long in the 66300-65700 range Target 67500
Ethereum long in the 2000-2170 range Target 2070
