2.13 Morning Thoughts
From the current market perspective, after a deep correction brought by last night's news, the market has effectively released short-selling momentum, reversing the downtrend into a bullish rhythm. Overall, it has stretched over 4000 points, showcasing strong momentum. From the hourly level, the Bollinger Bands are opening upwards, with prices adhering to the upper band and running upwards. Although several attempts to stabilize above have not been successful, the bullish assault has not yet stopped, and market sentiment still leans towards the bulls. Last night, the CPI data was released, receiving support from the lower band of the daily chart, leading to a rebound. It broke through the mid-band resistance on the 4-hour chart, returning above 98000. Currently, the overall bullish sentiment is strong, and the intra-day suggestion is to continue looking upwards on any pullbacks, so the intra-day trading strategy remains focused on buying on dips, with short positions as a supplement!
Bitcoin: Buy around 96500-97000, target 98500-99500
Ethereum: Buy around 2680-2700, target around 2800
