Yesterday's market once again completed its cycle. Our bullish strategy and continued preference for buying long positions have been accurately executed. It can be said that we have been consistently profitable. The major cryptocurrency has now broken through the 108,000 mark, and our strategic target has been reached again. The market has consistently maintained a rhythm of pulling back and buying more. Here, I would like to briefly review yesterday's market trend; the major cryptocurrency dipped to a low of 104,399 in the early hours of yesterday, then stabilized and moved upwards, reaching a peak near 108,000. The increase is close to 4,000 points, welcoming another wave of bullish euphoria. We actively participated in both major and Ethereum markets, with the major cryptocurrency also gaining over 2,000 points. Standing at the forefront, we are riding this bullish wave. The strategies provided recently have been quite accurate. As long as we engage with the ideas of Old Li, we have all achieved significant progress. How is everyone doing? Are you in sync with Old Li's rhythm?
The major cryptocurrency and Ethereum have maintained the same rhythm and pattern recently, but Ethereum's daily chart shows slightly less space for movement. Currently, the medium bullish candle is moving up, while the major cryptocurrency has a strong bullish candle moving up. The bull market continues, albeit in a somewhat tugging manner. The bullish strategy provided at the end of last week has seen the major cryptocurrency recover to the 110,000 mark, and we are just a small push away from reaching it. The daily chart is closing higher, forming a bottom rebound pattern. The earlier saying holds true: the deeper the pullback, the higher the rise. This has been validated; after the 4-hour chart undergoes a range-bound consolidation, it has stabilized above the 104 mark and is moving upwards. The upward trend is good, and the pullback space is limited, indicating a strong bullish market. Today, it has been repeatedly reminded that strong trends do not signal a peak. Do not blindly guess the peak; as long as we give the major cryptocurrency a chance, it will provide us with the strong momentum we desire, after all, the bull market has not ended yet. The 1-hour chart shows a stronger pattern. Every time there is a pullback, it does not break previous lows. The trend line has clearly transitioned into a bullish trend. The early morning strategy remains unchanged; pullbacks provide us with entry opportunities for long positions. Once we reach the upper resistance levels, we will assess the market trend and small-level structure to determine if a high short position is appropriate. Let’s not be overly stubborn in guessing the peak too early.
In the early morning, the major cryptocurrency can be bought at 108,000-107,500, with a target near 110,000; Ethereum can be bought at 2,650-2,620, with a target near 2,750.