The market still hasn't broken out of the range fluctuation. At this time, it's not wise to overly speculate on which direction it will break, nor should we be overly bearish. The most basic rule is not to guess the top in a bull market. The high-level sideways consolidation is also a form of accumulating momentum. Fluctuating instead of falling, consolidating instead of falling – after all, as long as the support below holds, whether it's a pullback or a fluctuation, it's all quite normal. Although we haven't been able to break through in the short term, or we are consolidating at a high level, accumulating momentum and potentially pulling back could clear out some positions before another upward push. It's not impossible. The layout over the past couple of days has been quite promising, with the major currency pair capturing nearly 1100 points from two short positions today, and the other position gaining nearly 90 points. In fact, the weekend's fluctuations have been quite good for position accumulation. With everything well planned, the pressure is relatively light.
From a technical structure standpoint, the short-term is beginning to enter a correction phase. The pattern still signals a pause, not a reversal. The trend remains bullish, but over the next couple of days, we will enter a noticeable fluctuation cycle. There has been no significant pullback after the rebound from midnight to morning in the small cycle, and the lows in the small cycle are continuously rising. The downward space is basically limited now, and both bulls and bears can participate in the current correction and fluctuation phase. However, it is best to follow the trend and plan for a pullback to go long, observing the strength of the pullback in the evening before making a final decision. #BTC☀ #ETH🔥🔥🔥🔥🔥🔥
The major currency pair is around 103500-103000 for longs, expecting to see 105000, while the other position is around 2500-2480 for longs, expecting to see 2600.