Considering the current market situation, Ethereum's strong performance yesterday exceeded expectations, even overshadowing Bitcoin. After the market closed yesterday, we directly reminded that after a pullback, Ethereum can continue to enter long positions. We closely followed the market and entered short positions near 2291, only to be trapped by nearly 20 points immediately after entering. In the early morning, it pulled back to around 2270, which is also common in trading. Adhering to our consistent strategy, holding onto good trades allows us to secure profits. Coupled with the strong performance of Ethereum, we eventually saw an upward surge in the early morning, peaking at 2355. We exited our Ethereum positions at 2352, making a profit of 61 points. This is how the market works; we actively participate when conditions are favorable. Did everyone benefit from this small bullish market during the night?
Ethereum eventually formed a high probing and pullback pattern. After two days of strong upward movement, it peaked at around 2490 and began to face pressure and pullback below the 2500 level. The daily chart continued the bullish trend from the previous day, but yesterday showed a probing high followed by a pullback, resulting in a long upper shadow on the daily candlestick. Bitcoin, after the previous day's bullish move, did not continue its strong bullish trend yesterday; after probing up to around 104373, it also showed a high probing and pullback pattern. This level still poses clear resistance compared to the current situation. After multiple attempts to probe higher, it quickly retraced. However, in a strong market, the downside space is limited, and as it touched above the 102000 level, it quickly rebounded. The daily chart yesterday formed a doji candlestick, indicating wide fluctuations at high levels. Currently, we have entered the weekend, and in the short term, there are opportunities for both long and short positions within a small range. Just find the right entry points, and for longer trades, continue to follow the trend, entering long positions at lower levels.
Bitcoin can be bought at 102800-102300, with a target around 104000; Ethereum can be bought at 2340-2320, with a target around 2400. #BTC重返10万 $BTC