Driven by interest rate cut comments on Friday night, BTC prices surged to around 117,400. However, weekend consolidation caused this gain to completely pull back, with prices continuing to oscillate around 115,000. By early this morning, BTC prices fell to a low of 110,500 before stopping the downward trend, and the market has stabilized around 112,000. Ether continued to rise during the weekend consolidation and broke through previous highs, creating a historical new high of 4,957, but encountered resistance and fell back at this position. In the early morning, it dipped in sync with BTC, reaching a low near 4,700 before facing resistance. Currently, the overall market is in a recovery state, with strong characteristics still evident, and it is very close to the 5,000 mark.

From the daily chart of BTC, there was initially a large bullish candle followed by a large bearish candle, with the overall trend being suppressed by the mid-line. Today's K-line formed a relatively long lower shadow, and the bullish strength in the market still holds the upper hand, indicating there is still some upward volume space in the future, with a key resistance level at 115800 above. From the four-hour chart, indicators also show a bottom divergence signal, suggesting that a new round of upward momentum is expected in the future. This pullback presents an opportunity for us to enter, and it is advisable to go long for the medium to long term while choosing the right timing for short-term operations. Currently, the market still advises everyone to be cautious about chasing short positions. Ether currently shows no signs of bearishness.
The operational suggestion is to go long on BTC around 112000-111500, targeting 114800, and subsequently aiming for 117500. For Ether, a long position can be taken in the range of 4680-44650, targeting near 4950.