On the evening of the 12th, U.S. stocks opened with all three major indices rising sharply, with the Nasdaq hitting a new high directly. The sentiment for risk assets has completely warmed up, and it is not surprising that the cryptocurrency market followed suit. Bank of America has recently advised wealth management clients to allocate 1%-4% of their investment portfolios to cryptocurrencies. The traditional giants of Wall Street have finally spoken up. Argentina's state-owned oil giant YPF officially announced: it will accept Bitcoin payments! Even state-backed energy companies are getting involved. As a result of this positive news, Bitcoin's increase reached 8%, while Ethereum surpassed 10%.

However, the current weekly K-line downtrend has not changed. The MA5 moving average continues to press down, and all indicators are showing a downward resonance. The TD indicator has reached TD6, indicating that the current K-line downtrend has not ended, and in the short term, the cryptocurrency price rebound cannot stabilize against the MA5 moving average, with a reference price around 93,000. Therefore, the direction of the weekly K-line still leans towards bearish.

Currently, a large bullish candle on the daily level has broken through the middle track, and with the BOLL band’s lower track continuously rising, there is strong support around the 84,000 line. Combined with the 12-hour line, Bitcoin is influenced by market sentiment, and a short-term bullish rebound is expected to test the strength of the weekly K MA5 moving average resistance again.

On the 4-hour line, as the early morning closes, the MACD and KDJ indicators show a bullish rebound. However, due to last night's violent surge, the price has created a gap of nearly 2000+ with the MA5 moving average. Looking at the hourly line, the current market is leaning towards a slight oscillation upward, but there is still strong resistance above, with the high point resistance around 91,800-93,000 and the low point support around 89,000-88,000. It is expected that the price will first rebound to test the resistance pressure before retracing to confirm the support strength. Therefore, regarding the early morning trend, my personal view is to maintain a primary focus on short positions and a secondary focus on long positions.

Operational Strategy: Accumulate in batches at 91,500-92,500. Target: 90,000-88,000. Stop loss: 93,000.

For reference, consider support levels nearby.

Ethereum's short-term trend is basically in sync with Bitcoin. Yesterday's increase was higher than Bitcoin's, and with short-term indicators being overbought, it is expected that the early morning trend will follow Bitcoin. It is anticipated that the price will first rebound to test the resistance pressure before retracing to confirm the support strength. The high point resistance is around 3,050-3,100, and the low point support is around 2,900-2,850. Therefore, regarding the early morning trend, my personal view is to maintain a primary focus on short positions and a secondary focus on long positions.

Operational Thought: Accumulate at 3,020-3,050. Target: 2,970-2,920. Stop loss: 3,070.

For the current trend, it is expected to be sufficient, and follow-up will continue.
Personal views are for reference only. There may be delays in article review and push notifications; the market changes rapidly. Specific entry and exit points should be based on real-time guidance. Caution is advised when entering the market. Analysis is not easy; likes and follows on the public account are appreciated for surprises.

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