During the morning session, the market maintained a strong trend. Bitcoin briefly fell below the 120,000 level but did not continue to decline; instead, it showed a long positions higher trade volumes upward trend. The current price has risen to around 120,800. Although it has not yet broken through the previous high set in the early morning, the market's long position pattern has become evident. As for Ethereum, after the morning line change, it accurately retested our preset 3,570 support level and then strongly rebounded to around 3,670, entering a consolidation phase. It is worth following that the Asian market session typically focuses on technical adjustments.

The current daily chart shows a typical bullish arrangement, with three consecutive bullish candles not only recovering all previous adjustment amplitudes but also successfully stabilizing above the crucial psychological level of 120000. From a technical perspective, the current market is in a typical stepwise upward trend, with each pullback low higher than the previous low, indicating strong buying momentum. On the four-hour chart, the Bollinger Bands indicator shows a gentle opening of the three lines. Although the price has tested the upper band three times without success, the trading range has effectively moved up, with nearly two consecutive periods of K-line closing with upper shadows, indicating some pressure above, but the pullback strength is noticeably weak. In terms of operations, continue to maintain the strategy of buying on dips.

Bitcoin can be bought in the range of 119000-119500, looking at around 121000. Ether can be bought in the range of 3580-3600, looking at around 3750. #BTC#