Bitcoin and Ethereum: Afternoon Long Positions Opportunities

After a V-shaped rebound in the morning, on the four-hour K-line chart, the price of Bitcoin experienced a slight pullback after reaching a high point, but the pullback halted around 117600, without further testing the key support level below. The overall market remains in a consolidation pattern. Although the KDJ indicator has formed a dead cross, it has not triggered an effective pullback, indicating that the bullish forces in the market are still strong. The bottom divergence signal of the MACD indicator is becoming increasingly apparent, which is typically a strong signal that the market is about to reverse upwards, suggesting that Bitcoin still has further upward momentum in the future.

From a technical analysis perspective, the current consolidation phase may just be building momentum for a resurgence of long positions.
In the afternoon, we recommend focusing on long positions unless the trend's previous low is broken.
Suggestions

Bitcoin: Go long around 118800-119200, targeting 120500. If this level is broken, you can continue to look upwards.

Ethereum: Long positions around 3770-3790, targeting 3850-39000 ##以太坊突破3800 #Gate 6月透明度报告