Yesterday's market once again completed its course. Starting from early yesterday morning, it was already publicly reminded that a bullish market has arrived. The strategy provided to everyone was to directly look for long positions. With such a clear trend, participating in the market around this idea during the early hours was reasonable. Bitcoin first achieved 2019 points, Ethereum gained 56 points, and the outlook for Litecoin remained bullish. After a pullback in Bitcoin, we continued to enter long positions during the afternoon, and with Ethereum completely unable to control its upward trend, we closely followed and entered long positions for Ethereum again in the afternoon. Bitcoin first achieved 1317 points, and then Ethereum followed closely with a gain of 209 points before exiting. The rhythm of the market during the day was basically grasped perfectly. For those who haven't caught this wave of the bull market and can't grasp the market, don't wait until it's over to regret it.
Bitcoin's daily line explored a high and then fell back, with a sharp rise in the morning not continuing. It once again tested the pressure around the 104373 line, quickly entering adjustment. The daily line and all intra-day lines formed certain upper shadows. Compared to Bitcoin, Ethereum performed stronger, continuing yesterday's upward trend. The large bullish candle from yesterday did not give much of a pullback, and the daily bullish bar closed well. Today, it continued until the 2490 line before starting to pull back. The upward space from yesterday was larger than the pullback space, which is a characteristic of a bull market that rises quickly and adjusts slowly, only giving a pullback to wash out long positions towards the end. With a large volatility base, pay attention to the points to re-enter long positions based on pullbacks, depending on the formations. The daily line is in short-term local adjustment, and in the short term, it is temporarily oscillating widely around Bitcoin 102000-104000 and Ethereum 2270-2470. The 4-hour chart shows a series of consecutive bullish candles reaching a high before entering local consolidation and correction. Currently, the support level of the broken high point is around 102000 for Bitcoin and near 2270 for Ethereum. The volatility base is large, and it is still in a local correction within a bullish trend without turning downwards, just slightly slowing down in the short term. The main issue is that the volatility base is large, making it difficult to set stop-loss levels. Whether it is further pullback confirmation of support or horizontal consolidation before rising again remains to be observed. Keep the operational timing locked to the weekend and see whether the transition at the end of the week leads to a surge upward or oscillation and pullback for the decision on the entry point. During the weekend, short-term low long and high short operations can be conducted within the range, paying attention to the breaking situation of the support below.
Bitcoin can be bought in the 102500-102000 range during the early morning, targeting around 104000; Ethereum can be bought in the 2300-2270 range, targeting around 2400.