Affected by the rise in U.S. stocks, yesterday the market experienced a breakout, with Bitcoin's price breaking through previous highs and reaching a high of $97,300; Ethereum's trend closely followed Bitcoin, similarly climbing to $1,872 before encountering resistance and retreating. As we previously anticipated, profits can be achieved by following the momentum after key levels are broken. In our live trading, we flexibly grasped the fluctuations within the range, creating a bidirectional layout and securing considerable gains. We believe that investors who followed the strategy have also reaped substantial rewards.
From the observation of the 4-hour candlestick technical indicators, the moving average system shows a typical bullish arrangement, with the 5-day moving average sequentially crossing above the 10-day and 20-day moving averages, forming a solid support ladder for upward movement. The MACD indicator completed a second golden cross above the zero axis, with the red bars continuing to expand, further validating the continuity of bullish momentum. It is noteworthy that, after setting a new high yesterday, the market did not show obvious profit-taking, but instead maintained a high-level horizontal consolidation, with short-term selling pressure being relatively low. This is also an important basis for our recent continuous recommendation to establish long positions on dips. Based on the current market structure and capital sentiment, we suggest continuing to adopt a buy-on-dip strategy for evening trading, seizing the opportunity to enter at lower levels.
Bitcoin can be bought in the range of $96,000-$96,300, targeting around $97,500; Ethereum can be bought in the range of $1,790-$1,820, targeting around $1,870. #BTC $BTC
