Yesterday, once the market closed, our bullish strategy for chasing long positions was accurately grasped, and it has been great to keep going long!
Bitcoin has broken through the 108 threshold, and our target points in the community have also been successfully reached.
Bitcoin and Ethereum have been moving in similar patterns recently, but Ethereum's daily price increase has not been as significant as Bitcoin's. #$ETH
Currently, Bitcoin is moving upward with a strong K-line, and so is Ethereum. The bullish trend is still ongoing, although it feels a bit stretched.
Last week we mentioned being bullish, and Bitcoin has been recovering towards the 110,000 mark; just a little push is needed to get there.
The daily chart closed high, showing a rebound from the bottom; as previously mentioned, "the deeper the retracement, the stronger the rise" has now been validated.
On the 4-hour chart, after consolidating in a range, it has stabilized above the 104 mark and is showing a good upward trend with not much room for retracement, which indicates strong upward momentum.
I have reminded several times that in a strong market, don't guess the top; as long as Bitcoin has opportunities, the upward momentum will definitely be strong since the bull market hasn't ended yet.
The 1-hour chart is even stronger; each time there is a retracement to a low point, it hasn't fallen below the previous lows, and the trend line has turned into a bullish trend.
The mindset in the early morning remains the same: a retracement is an opportunity to enter long positions. Wait for the price to rise to the upper resistance, and then based on the market conditions and smaller structures, decide whether to short; don’t rush to guess the top.