On Monday, the cryptocurrency market displayed a strong pattern. After a pullback and consolidation overnight, the upward momentum is already sufficient, and it is recommended to seize the opportunity to go long.
Since last Friday, we have continuously provided clear bullish signals for going long. Yesterday, we synchronized both short-term and long-term positions, and today, the market broke through the key level of 108,500 in one go, with a clear upward trend. The short positions established during the morning and afternoon sessions have both successfully taken profits, and the evening strategy focuses on going long, suggesting considering short-term short positions only after the U.S. market session.
Regarding BTC, the weekly candle closed at a high with a strong bullish trend; however, the daily chart faces a critical test at the important level of $110,000, and we need to pay close attention to the pressure in that area. The four-hour chart shows a series of bullish candles, with the moving averages forming a golden cross. As long as the price stabilizes in the range of 108,000-108,500, there is a good chance to continue the upward trend. Therefore, if there is a pullback to around 107,300 during the day, it is advisable to decisively enter long positions, targeting the $110,000 level.
ETH's movement is highly correlated with BTC. After pulling back to the low of 2406 overnight, it rebounded strongly with a bullish candle rising sharply, and the current price is approaching the previous high of 2520. Based on the current pattern and upward momentum, the possibility of a deep pullback is low. It is recommended to directly set long positions around 2450, targeting the 2550 level.
The new week's investment journey has begun, and we are striving towards our profit goals. The doubling plan course is open for a limited time, and we look forward to partnering with like-minded investors to capture wealth opportunities in the market wave and jointly write a chapter of investment success!