There are no dead ends in life, as long as you face them bravely, difficulties can turn into opportunities. Believe in yourself, you can create your own brilliance. Bitcoin continues to maintain a strong upward trend during the day, after a pullback to a low of 103600 in the evening, it again rises strongly, reaching a peak of 104800 in the early morning before facing resistance. Ethereum is following the upward trend, reaching a high of 2524. Previous pullbacks have not affected the overall strong structure, and it maintains a strong upward momentum. There has been no significant opportunity for bears; currently, the price surged near 105000 and again entered a phase of pullback and correction. Today, Old Chen continues to adhere to a trend-following approach, advising everyone to adopt a bullish mindset in the afternoon. In the afternoon and evening, multiple positions were laid out, and all long positions near 103700 for Bitcoin and near 2440 for Ethereum were accurately taken for profit. Bitcoin was advised to exit at 104700 in the early morning, securing a space of 1000 points. Ethereum was advised to exit near 2520, securing a space of 80 points.
The four-hour level shows strong potential for breaking new highs, and after a series of winding consolidations, the lows are gradually moving up. Multiple bottoms have been built to create solid support, showing a vigorous upward momentum once again. The overall trend is running close to the upper trend line, with the current volatility base increasing, but it is still in a bullish brewing phase. The expectation for a pullback is gradually decreasing, and in the evening, we maintain the approach of pulling back to add more positions. The continuation of the trend is a natural process of alternating rises and falls; pullbacks during upward movements and rebounds during downward movements are both normal and do not need excessive interpretation. A true change in trend must be accompanied by continuous and significant reverse movements. The limited pullbacks within a single day are well under control and are not enough to shake the overall structure. Pullbacks are merely to gather strength for another surge to new highs. Still, that phrase: with increasing volatility, maintain good defense and be bold in your positions.
Operational Suggestions
On Monday morning, Bitcoin can be bought near 103800-103200, with the target still focusing on 105500.
Ethereum can be directly bought near 2475-2455, with the target focusing on 2580.