The short-term trend on Monday was quite in line with our expectations, and the upward space provided was also within our expectations. Bitcoin perfectly reached the target position mentioned in our analysis. In the morning, we advised everyone to go long around 105,000, and in the afternoon, it successfully reached the expected position around 107,000. Bitcoin achieved a 2,000-point movement, while Ethereum suggested a long at 2,570, reaching 2,635 in the afternoon, securing a 65-point movement. All entry and exit positions for the short term were properly indicated. This is how it works when the rhythm is grasped correctly and the expected strategy is right; it's a matter of skill.
After breaking the high in the afternoon, the short-term entered a corrective phase again. The trend remains unchanged, and we still maintain a bullish expectation for the short to medium term. After undergoing a periodic adjustment, the daily chart has once again entered a consecutive rising pattern. The current structure is relatively clear, and the consolidation and correction process is fundamentally technical. Next, we will observe the strength and time of the second attempt to reach a higher point. The small cycle is constructing a corrective step, and we continue to look bullish around the upper part of this step.
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