Last night we entered a long position at the current price, and today's trend has realized a space of over 1500 points. Subsequently, in the evening, Bitcoin made a strong move and broke through the resistance level of 96000, which had been in place for several days. The currency price has continued to consolidate at a high level without a pullback, showing very clear signs of stabilization. Near 96000, we will follow up with additional long positions, and ultimately, the currency price in the evening did not disappoint, as the bulls made a second strong move directly reaching around 97400, and now there is a slight pullback consolidating around 96900!
As the monthly line closes positively, it may end the nearly three months of retracement adjustment. At the same time, the daily K line continues to close positively, and the structure maintains an upward rhythm. In the short term, since the market has chosen to break upward, and the bulls remain consistently strong, the possibility of a continued increase is very high. However, the short term may be accompanied by fluctuations. Therefore, in the midnight operation, we should buy on dips!
On Thursday midnight, continue to hold longs near 96000 for Bitcoin, with the unchanged target first looking at the 98000 level. For Ethereum, continue to reference 1800 as the short-term dividing line, while mainly buying Bitcoin on dips, targeting near 2000!
