The accuracy of market expectations: predictions began at midnight yesterday, indicating that after hitting the upper resistance level, we would take another short position, and a reminder was given again in the early hours to approach the 110,000 mark. However, after Bitcoin rose to around 108,900 in the early morning, there were three upward attempts that failed to break through. At this point, the 109 resistance level has formed a certain suppression, and the market is bound to undergo a pattern of probing higher and then retreating. In the morning, there was no hesitation in taking a short position near 108,590, exiting when it fell to 107,059, capturing a downtrend of 1,531 points. The control of the market has always been rigorous, and paying close attention to Lao Li's strategic analysis will certainly be a great help in your subsequent trading ideas.

Bitcoin's daily chart shows three consecutive upward candles. Although there was a strong rally yesterday, a significant pullback before the close in the morning pulled prices up again by 2,000 points. The daily candle closed with a long upper shadow, and this probing higher and retreating pattern has unfolded as expected, allowing for profit-taking. Moreover, the bullish sentiment we indicated in the morning remains unchanged, with strong support at the 106 level holding firm. Prices are about to rebound, currently fluctuating around the 107 level, and today we might test the support at the lower level again. We will pay attention to the gains and losses at this level, which will determine the future market space. Ethereum is showing a similar pattern and is also maintaining a small upward trend. Overall, the market is still predominantly bullish, although the morning pullback has deepened the retracement. With significant volatility, it's important to grasp the entry points based on smaller time frame patterns and structures. Both long and short positions offer us good opportunities, and our bullish outlook remains unchanged in the afternoon, continuing to support the long positions.

In the afternoon, Bitcoin can be bought between 106,800-106,300, targeting around 108,800; Ethereum can be bought between 2,580-2,550, targeting around 2,680. #加密市场反弹 $BTC