The current price has indeed risen quite high; the space that previously dropped has all recovered. Moving forward, we still have confidence that the market will continue to climb. Although there will be pullbacks in between, these are normal adjustments during the upward process, so there’s no need to worry too much.
As long as the bearish forces have not given up, the bullish forces will not stop rising. Don’t just think that the price must drop simply because it is high; until we see clear signs of a reversal, we will stick to one direction: take the opportunity of the pullbacks to go long!
From the four-hour chart, the market has been experiencing waves of upward movements, which have opened up the upward space above. In the short term, the bearish forces are weakening, and overall market sentiment is improving. The price is now gradually testing the resistance level of previous highs. It’s okay to move slowly; as long as continuity is maintained, a slow rise is still a rise.
After this kind of oscillating upward trend, a significant bullish candle with increased volume often follows. So, this current wave of increase might just be the beginning, and there could be even bigger moves ahead. We must firmly maintain a bullish mindset and seize any opportunities for price pullbacks to enter long positions.
Operation Suggestions
Bitcoin around 105300-105000 long, with a target of 107000.
Ethereum around 2500-2470 long, with a target of 2550-2600.
