The morning market is almost coming to an end, with the Bitcoin bulls showing strong momentum since the early hours, and the price rising to a high point of around 104305 after a steady upward movement. The bears have clearly shown their weakness in this round of competition, indicating that there is no room for any retracement. The bulls are charging forward like a general crossing the river, displaying a determination to win at all costs. Compared to the early hours, the strength in the morning has somewhat weakened. Yesterday, due to personal health reasons, we weren't able to update our strategy in a timely manner, and I would like to apologize to everyone for that. In the early hours, we managed to make a timely trade for our students, achieving a profit of 1800 points before exiting. I would like to remind friends to also pay attention to their health when trading, as health is the foundation of revolution.
Currently, looking at the market, yesterday's daily candle closed with a large bullish candle, indicating a trend of one-sided movement, which perfectly concludes the recent volatility pattern. On the 4-hour timeframe, Bitcoin has been rising with consecutive bullish candles, with a few small bullish candles showing extended upper and lower shadows for correction, but the space provided for this is lacking in strength, which can be disregarded relative to the bullish strength. The Bollinger Bands are opening upwards, and the MACD lines are extending upwards. Currently, the price is consolidating near the upper band. On a smaller timeframe, the patterns of retracement are more about technical corrections after a spike, and the overall trend has not changed. In our operations during the afternoon, we can first look for a retracement before entering long positions, aligning with the trend of the market.
Bitcoin can be bought around 102000-102500, targeting near 104000, while Ethereum can be bought around 2000-2220, targeting near 2260. #BTC $BTC