Currently, from the daily chart perspective, Bitcoin has broken a new high around 125,000, and is currently experiencing a pullback after reaching a peak. The support level is at 120,000; as long as this level holds, there won't be a significant need for a correction. Ethereum is following the trend and has started to pull back after reaching the previous high around 4,750, with current support at the 4,400-4,350 range.

From the 4-hour chart perspective, Bitcoin will start to rebound if it dips near 120,000. As long as it does not break below 120,000, the overall trend remains bullish. Short-term support is at 121,000, while Ethereum's short-term support is around 4,420, with short-term resistance at 4,500-4,600. A breakout above 4,750 will open up more space for upward movement.

Overall, the market is still in an upward trend, and the current pullback has stopped declining. Bitcoin has also reached a new high, and Ethereum may follow suit. It is recommended to go long at lower levels!

Trading Strategy:

Go long on Bitcoin at 122,000-122,500, with a target of 123,500-124,500, and a stop loss below 120,500;

Go long on Ethereum at 4,430-4,460, with a target of 4,520-4,600, and a stop loss below 4,390;

The strategy is time-sensitive, please refer to the main page for details, and prioritize private real-time guidance!

Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to understand real-time market analysis and trading strategies!

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