The morning market has formed an "M-shaped" oscillation structure, with Bitcoin rebounding from 112200 to 113500, then retreating to 112600, and subsequently stabilizing around 113000 for consolidation. The current price has formed effective support near 112600, and the lows are gradually rising, indicating active buying pressure below, and the long positions momentum has not been damaged. If the price can continue to hold above the 113000 mark, it is expected to gather strength for a breakthrough of the previous high.

The technical analysis shows a converging oscillation pattern, with a decrease in volume indicating a breakthrough is imminent. 113500 is a key resistance level, and if there is a volume breakout above this level during the European trading session, it will open up upward space to the 114000-114500 range. Ethereum is synchronously resisting the downturn, further strengthening the long positions pattern, and the short-term trend remains optimistic.

In terms of operations, you can try taking light long positions at the current price, with a stop-loss set below 112500, and a target looking towards the 113800-114200 area. If there is a valid breakthrough at 113500, you can follow the trend to add long positions, but be cautious of the risk of breaking below the 112600 support. Once it breaks down, it is advisable to wait and see before entering long again in the 112000-112200 area. Overall, the strategy is to focus on low long positions, while paying attention to position management. For Ethereum, it’s a trend-following strategy to set long positions at 4300, with a stop-loss placed at 4270, targeting upwards to 4380 #加密市场反弹# .