When others are fearful, you should calculate support levels; when others are crazy, you draw resistance lines. The ones who make money are always in the minority - do you dare to break away from the herd? The bullish trend remains relatively strong from midnight to dawn. After Bitcoin retraced to a low point of 105214, the market rebounded again, reaching a peak of 106750. After Ethereum retraced to a low point of 2416 in the early hours, it also rebounded, currently reaching a peak of 2467. The overall movement aligns with our strategy of entering on retracement given at midnight. All long positions set up at midnight are currently held with a bullish outlook, and the market moves slowly, so patience is required.

The daily chart has once again closed in the green. This morning, Bitcoin closed above the middle band, entering a slow continuation phase in the short term. The same statement applies: as long as the price stabilizes above the middle band, the rhythm and trend belong to the bulls. Every retracement is an opportunity to enter long positions. The daily chart has already shown two consecutive bullish closes, with expectations for further continuation today, and the trend remains strong in both short and medium terms. On the four-hour chart, the Bollinger Bands are opening upwards, and after the price broke through the upper band, it continues to extend. In the short cycle, we have seen a wave of five small consecutive bullish closes. Although the movement is relatively slow, it is still a healthy rise. For today’s operations, we continue to maintain our follow-up on long positions.

Trading Suggestions

On Wednesday, consider going long around Bitcoin 105500, with a target of first focusing on 107500.

For Ethereum, consider going long around 2420, with a target focusing on 2490-2540.