The market conditions from noon to the afternoon continue to align with expectations. After a downward probe in the afternoon, a strong rebound was formed. Bitcoin began to rebound after stopping at the noon low of around 103700, and in the afternoon it made a second push, rising strongly, currently reaching a high of around 105863. Ethereum, after stopping at the low of 2484, started to stretch upward, synchronously rising in the afternoon, currently reaching a high of around 2624 in the afternoon. After the market retraced and stopped at noon, Old Chen decisively positioned himself for a long entry, with Bitcoin around 103700 and Ethereum near 2490 indicating long positions. In the afternoon, the expected profits were realized, with exits indicated near 105800 and around 2610, Bitcoin gaining 2000 points of space and Ethereum capturing 120 points of space.
On the four-hour timeframe, the tail step is rising, and the current movement remains strong. However, this wave has a larger space release, and the future will be accompanied by winding oscillations, with a step-back approach that will enlarge the fluctuation base, continuously creating new highs, while also accompanied by rapid pullbacks after local highs. Overall, it has temporarily maintained a small step oscillation with a slow rise for recovery. For the bulls at this moment, there is no highest point, only higher points; do not underestimate the bullish momentum just because it has risen high. Every retracement is an opportunity for bulls to enter. Today, we continue to maintain a bullish rhythm. In terms of the current market, every rise followed by a new high has become a norm, with corrections occurring. The pullbacks often give hope to the bears, but in reality, they are just normal adjustments for accumulation. Today, maintain good defense, boldly hold long positions, and continue to stabilize with retracements.
Operation suggestion:
On Monday afternoon, Bitcoin can be bought between 104000-103500, with a target of 106000.
Ethereum can be bought near 2500, with a target of 2600-2650.