Opportunities never wait for people; rather, people seize and control opportunities. Improving awareness in the crypto circle or following those with knowledge is far more important than just acquiring a trading strategy. Strength is not just talk; it is not mere bragging or boasting. Strength is a meticulous approach executed rigorously, going out with a goal and returning with results. Old Chen began to suggest going long from Monday, consistently advising to follow the bulls throughout the week, with most entries being made at market price. All these ideas and strategies were made public in advance, and the bulls did not disappoint, arriving as expected once again. Bitcoin continued to rise throughout the week, currently reaching the 105,000 mark. Ethereum has reversed its previous downtrend, moving up alongside Bitcoin, showing little sign of retracement. Currently, it has reached a high of 2,600. In terms of positioning, after exiting the midnight short position, we did not wait for too much of a retracement to re-enter long positions. Bitcoin is around 103,000, and Ethereum is near 2,400, with the strong upward movement allowing our long positions to be accurately profited again.
The current price action is maintaining high-level consolidation after a sustained rise. It is important to note here: in an upward trend, after a period of rising, the price will enter an adjustment phase. This adjustment usually has two forms: one is time correction, trading time for space, which is commonly referred to as consolidation; the other is to accumulate energy through retracement in preparation for a new rise. Clearly, the current price action is undergoing time correction, completing adjustments through sideways movement, and continuing to climb. The small cycle is forming a transition from peak to trough, with resistance turning into support, with the 102,000 mark acting as a short-term breakout point, which can be viewed as a support level for entering long positions in the future. Additionally, according to the strengthening pattern, a second retracement will not break lower; even if it dips, it will be a false break, and the market will continue to follow the trend, with long positions re-entering after the retracement.
Operational Suggestions
In the afternoon of the weekend, if Bitcoin retraces to around 103,500, go long, targeting 105,000-106,000.
For Ethereum, if it reaches 2,460-2,440, go long, with the initial target being 2,580.