Today is Monday. The market has pulled back in the evening to build momentum, making it suitable for bullish positions moving forward.
I have been reminding everyone since Friday that we can go long. Yesterday, our swing and long-term positions also entered the market. In the morning today, prices rose again, breaking through 108500, and the direction is now very clear. The short positions taken this morning and afternoon have been profitable. In the evening, it is recommended to go long; if you want to short, consider it after the U.S. trading session.
Regarding Bitcoin, the weekly chart closed with a strong bullish candle, indicating a strong trend. However, on the daily chart, the price is close to the key level of 110,000, so we need to pay close attention to whether it can break through here. From the four-hour chart, the price has been rising continuously, and moving averages have formed an upward pattern. As long as the price stabilizes between 108000 - 108500, it may continue to rise. Therefore, if the price falls back to around 107300, we can consider going long, targeting 110,000.
Ethereum's trend is similar to Bitcoin's. After the price fell back to 2406 last night, it rebounded sharply. Now the price is nearing the previous high of 2520. Looking at this trend and the strength of the rise, it is not expected to pull back too much. If you want to trade short-term, you can go long near 2450, targeting 2550.
A new week has begun, let's seize the opportunities. The doubled investment plan course is now open for registration. Friends who want to learn about investing can join and progress together.