1. Core Market Perspectives
The charm of the cryptocurrency world lies in the fact that opportunities are always open to those who take action. Only traders who maintain a passion for learning and take bold actions can capture profits in the rapidly changing market. Today, the market has seen Bitcoin continue its strong upward trend, while Ethereum, although weaker, has not entered a one-sided downward trend, with the overall trend still leaning towards bullish. With precise strategic layouts, today's long trading strategy has achieved great success: Bitcoin has accumulated over 2500 points in profit, and Ethereum has gained 44 points, fully validating the correctness of the trading principle of following the trend.
Today's Market Review and Trading Results
Bitcoin
Bitcoin has shown an upward trend during the day, with prices constantly rising. After reaching a high of 108095 in the evening, it faced resistance and pulled back, dropping to a low of 106700 before stabilizing. By strategically placing long positions at three key time points in the early morning, noon, and evening, we accurately captured the rising wave and successfully seized the profit space.
Ethereum
Ethereum surged to 2467 in the morning before entering a downward oscillation mode. After hitting a low of 2388 in the evening, signs of a rebound appeared. The long positions placed in the afternoon successfully earned 30 points, further proving the importance of adhering to strategy and not blindly chasing shorts during weak market conditions.
Technical Analysis and Trend Assessment
Daily Level
Both Bitcoin and Ethereum have completed a rebound from a dip, forming a recovery pattern after a downtrend. From the daily perspective, a mid-term bullish trend has already been established. In subsequent trading, we can continue to follow the strategy of buying on pullbacks.
4-Hour Level
Bitcoin: The price received strong support at 106700, and after a doji candlestick formed at this position, it quickly rebounded. This pattern indicates that bearish momentum is weakening, while bullish strength is gradually gaining the upper hand, with a continued slow upward trend expected.
Ethereum: The support at the low of 2388 is significant, and the bottom shows a trend of gradual elevation. Current focus should be on the breakout of the 2450 resistance level; once broken, it will further open up upward space.
Midnight Trading Strategy
Bitcoin: It is recommended to place long positions in the 106700-107000 range, targeting 108000-108900, with a stop loss set below 106400.
Ethereum: Enter long positions in the 2390-2400 range, targeting price levels of 2480-2540, with a stop loss set at 2360.