The Friday market has already come to a close, and the intraday market has been fully grasped again. In the morning, we were bearish first, continuing to anticipate the continuation of the downtrend. Bitcoin and Ethereum both reached near our target points directly, and we promptly provided strategy analysis to everyone. The space below is already insufficient, so we can go long directly. Combined with the patterns, a pullback gives us a signal to enter long positions, and we have been on the path of chasing long. The market has performed as expected; the intraday market has been managed rigorously. Bitcoin dropped to a low of 102614 in the morning and stabilized, starting to oscillate upward. After our initial short positions in Bitcoin gained over 2000 points, we analyzed that the current market was about to reverse and began to enter long positions in Bitcoin and Ethereum. After many left the market, we continued to chase long in the evening. Bitcoin once again gained over a thousand points, perfectly closing the market for yesterday. The market rhythm is so well grasped in hand; we believe that as long as we participate around Old Li's ideas without being too rigid, there will be substantial gains intraday.
Recently, Bitcoin and Ethereum have both exhibited the same pattern, with three consecutive bearish candles on the daily chart followed by a rebound before reaching the previous low, consistent with the bullish market trend. As long as the previous low is not broken, a temporary pullback is just a buildup for a future surge. However, the volatility base is relatively large, which increases the tug-of-war on the market, deepening the pullback strength. The market trend has yet to change. In intraday analysis of market trends, our timely reversal to a bullish perspective has also been validated. The 4-hour chart of Bitcoin shows consecutive bearish candles, and the price has once again touched above the previous low to give a strong rebound, breaking the weak market in a timely manner. The market is entering the weekend. By combining smaller time frame patterns to participate without being too rigid, both bulls and bears have opportunities given the large volatility base, testing the entry points. We still follow the trend without rigid adherence to the bands and can choose to enter long after a pullback.
Bitcoin can be long between 105200-104700 on Saturday, targeting around 106500; Ethereum can be long between 2530-2500, targeting around 2620. #加密市场回调 $BTC