Looking back at yesterday's market, it was a tumultuous ride. Next, let's discuss our views from the early morning; Bitcoin skyrocketed again last night! The price surged from over 99,000 to over 101,400 in one breath, directly breaking the historical record!
The long position strategy that our group and real trading partners had set up in advance made a significant profit again, with Bitcoin easily raking in over 2,000 points in gains, and Ethereum also followed suit with over 80 points in profit. The current price is hovering around 101,000, looking like it wants to continue its upward momentum.
From the chart, it is clear that the bulls are in complete control now. Although short-term indicators show some signs of overheating, the overall trend remains bullish.
Pay close attention to two key levels: If the lower range of 100,500-100,800 can hold, there’s a high probability that the integer level of 102,000 can be broken upwards. In terms of operations, wait for a pullback to around 100,800 to stabilize before continuing to enter the market; if it breaks through 102,000, you can increase your position. However, given the significant rise, be cautious of a sudden pullback and remember to manage your position size wisely and not go all in.
Bitcoin around 100,500-100,800 long with a target of 102,000
Ethereum around 2,030 long with a target of 2,090
