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Bitcoin showed a fluctuating upward trend yesterday, starting from a low of 111840 during the morning session, and testing a high of 114723. It is currently operating around the 114300 level. After a continuous decline with bearish candles on the daily chart, a strong bullish candle has emerged, officially launching the market for an upward breakout—previously, the price stabilized and rebounded after breaking below the lower Bollinger Band, and it is currently making steady progress towards the middle band. The upward momentum is beginning to show, but the reminder that "the overall downtrend has not been reversed" helps avoid overinterpretation of a single signal. Moving forward, key attention should be paid to the resistance around 116000 and the middle band. If there is no breakthrough and stabilization during the day, the price is expected to pull back to the short-term support below. Before breaking the position, the focus should be on a fluctuating consolidation strategy, primarily aiming for rebound shorts.
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Ethereum is moving in sync with Bitcoin. Yesterday, it oscillated and made a slight rebound to the 3513 line under pressure. In the evening session, it oscillated and fell back to test the low point at the 3352 line before rebounding again. The 4-hour chart shows a continuous rise with a series of bullish candles, but the upward space has not yet fully opened up. The short-term 1-hour chart still sees back-and-forth action between bulls and bears, with very obvious resistance above. As long as there isn't a significant upward surge during the daytime, or the price fails to firmly establish above the 3535-3550 resistance zone, it will be difficult for the bulls to show any strength. The short-term strategy remains focused on short positions.