Midnight Thursday Bitcoin Ethereum Latest Market Analysis and Summary
Looking back at the bearish perspective provided in the evening, Bitcoin surged to a high point near 101400, and our bearish strategy was unfortunately invalidated. Although today's bulls have shown strong upward momentum, we have shifted our strategy and still managed to capture a significant portion in real positions. During the afternoon trading, we anticipated the upward movement and decisively positioned short, securing a profit of 593 points before exiting. In the afternoon, we accurately predicted the pullback point again and positioned short, gaining another 720 points. A mistake is a mistake; there’s nothing to be ashamed of in admitting it. Currently, the market is fluctuating around the 101200 mark, and at midnight, we promptly changed our strategy to trend-following. Friends should also pay attention to maintaining stop-losses to prevent technical pullbacks.
From the current market perspective, the four-hour timeframe shows that the market has risen to recent highs, with prices strongly breaking through the upper Bollinger Band. Throughout the day, multiple resistance levels have been breached, forming an extremely strong one-sided trend. Currently, the bullish momentum appears to be strong, with the upper space completely opened up, and the overall trend is firmly controlled by the bulls. From the one-hour timeframe, the Bollinger Band is opening upwards, and the market continues to operate within an upward channel. Although the bears have provided some pullback, the intensity of the pullback is relatively small. Therefore, during midnight operations, we timely adjusted our perspective, and we are optimistic about the continuation of the bullish trend. Attention! Although Bitcoin has surged with aggressive bullish momentum, it is necessary to be aware of the potential for a technical pullback after continuous highs; it is recommended to manage positions well.
Midnight operation suggestions:
Buy Bitcoin in the range of 100500-100800, with a target of 102500.
Buy Ethereum in the range of 2020-2040, with a target of 2100.
