On Friday, the black swan did not emerge, but it has been consistently short and comfortable. Although it wasn't a straight-down move, it aligned with our strategy; rebounds mean shorting. The price comparison basically moves one step up and one step down, showing a broad oscillation downwards pattern, with the lower bounds of the range being continuously refreshed. Looking back, the price comparison has moved further away from the 108000 mark; in the early hours, Bitcoin rebounded to a high of 107659, which is near our entry point for shorting. We followed up and entered shorts near 107659, planning to exit when it drops to 106447, securing a profit of 1123 points. The market is indeed this easy to operate in, it's never just talk. The strategies and real-time data are always online, and such an easy market shouldn't be missed. It's time to change your trading mindset; Old Li has always been here, and can always be your guide in the trading circle.
After two consecutive bearish days yesterday, Bitcoin did not continue to dive further. The price comparison returned to a neutral position, oscillating around the 107 mark for adjustments. The daily chart formed a doji star bullish candle, after testing the 106000 mark multiple times yesterday, Bitcoin held its final support line, showing signs of a reversal and stabilization below. The daily chart is forming a small bullish candle upwards; Ethereum is showing the same pattern and has also returned to its previous starting point. After a few days of oscillation and consolidation this week, it is ready for an upward surge in the future, with a clear trend indicating a turn. The 4-hour chart for Bitcoin is still oscillating at high levels, with the Bollinger Bands narrowing. Currently, the price comparison has rebounded effectively multiple times after testing lower levels and has stabilized near the mid-line. After another round of contraction and oscillation today and tomorrow, the market may welcome a strong surge. It is possible that Bitcoin will reach new highs next week. We can first look at the 110000 mark for Bitcoin, timing it for tomorrow evening and Monday morning's market movements.
Over the weekend, Bitcoin can be bought between 107000-106500, targeting around 108800; Ethereum can be bought between 2420-2390, targeting around 2500.
