After providing a bullish outlook for yesterday's trading session, Bitcoin and Ethereum have moved through the expected volatile market but failed to build momentum upwards in time. We are also waiting for the right moment to act. Bitcoin faced resistance as it declined towards 100,000, then experienced a reversal. When Bitcoin fell to around 101,100, we began positioning for a long entry, and when it rose to around 103,054, we exited the position, making a profit of 18,000 oil. Without the traders behind the scenes, no one can predict the market with 100% accuracy; only through careful analysis, adjustments based on hands-on experience, and mutual trust can we achieve sustained wins.
The rhythm of Bitcoin and Ethereum is similar. Bitcoin still focuses on the daily chart; a large bullish candlestick with a lower shadow is presented, indicating a stable bullish trend. The upper shadow is shallow, suggesting strong bullish sentiment. We then observe the 4-hour chart, where the candlestick forms a U-shape climbing upwards. The large bullish bar also indicates that there will be a wave of bullish momentum in the future. Finally, looking at the 1-hour chart, Bitcoin shows a sequence of four consecutive bullish candles with a small lower shadow, creating a unidirectional upward trend, which is later halted by a small upper shadow candle. It appears that a bearish trend is coming, but in reality, it is building strength for the next rebound. After consolidating downwards, Ethereum also shows signs of a rebound, with a slight increase, remaining in a volatile upward trend. Therefore, we maintain a bullish outlook for the future market. The target range for Bitcoin is:
Buying near 106,000-105,800 with a target of 107,000; Ethereum can be bought near 3,290-3,270 with a target of 33,701,377,981,794,175,638,340,335.