The market has also been a long-awaited return to a certain level of adjustment. Friday's layout of both long and short positions has finally realized profits, and the strategy has been validated once again. Currently, the price has experienced a certain correction to adjust the market's rise. After the weekend's consolidation, the main trend remains one of retracement, showing a certain pullback, with the price recently hitting a low of 94500 facing resistance. The recent market situation is quite graspable, and it remains in a state of complete victory. Keep up with Lei Ge's rhythm; it’s not about just eating the leftovers, as eating leftovers indeed requires some effort, but drinking soup should be no problem, right?
From a technical perspective, Bitcoin's daily chart still maintains a weak trend pattern, with no obvious reversal signals yet. The four-hour chart shows that the Bollinger Bands are continuously expanding, and the K-line arrangement exhibits a clear downward tilt, indicating that the price will further explore new support levels. In the one-hour chart, Bitcoin has shown a rapid decline but quickly welcomed a strong rebound, currently in a phase of consolidation. This morning, we will tentatively look for a continuation of bearish momentum, observing support around 93500 before chasing further gains.
For Bitcoin, consider going long in the 93000-93500 range and look towards 96000. For Ethereum, consider going long in the 1760-1780 range and look towards 1870.