$BTC The market is like a battlefield, and every stop-loss is an accumulation of capital for victory. Top traders are never shaken by a single mistake but always pay the price for persistent errors. Uphold the bottom line of discipline, allowing the light of reason to penetrate the fog of candlesticks—tonight we are betting on the probability of technical analysis, rather than blind obsession! Today's market trend shows an overall upward fluctuation. Bitcoin strongly surged from a low of 105010 to a high of 109620; Ethereum also performed well, rebounding from a low of 2367 to a peak of 2575. We accurately predicted the upward trend this morning and successfully realized profits, but our bearish strategy in the evening did not go as planned due to the continued strength of the market. Bitcoin's long position at 105400 was closed at 106650, earning a profit of 1250 points. The evening's short position at 107800 was stopped out for a loss of 500 points due to the market reversal, prompting a strategy adjustment, with a long position at 108400 closed at 109500, gaining another 1100 points. Ethereum's long position at 2393 gained a steady profit of 53 points, while a long position at 2501 was closed at 2577 for a profit of 76 points. The overall trading strategy remained flexible, adjusting positions in a timely manner while grasping the main trend, ultimately achieving profits.
From the 4-hour level analysis, the market previously experienced a series of consecutive bearish retracements, with bears once dominating. However, the intraday market saw a dramatic reversal, producing six consecutive bullish candles, forming a textbook-like six-consecutive-bullish pattern. This rebound started from the lower band of the Bollinger Bands, breaking through the middle band resistance with great momentum, ultimately testing the upper band resistance level. During this process, the Bollinger Bands channel exhibited a significant opening expansion. Although short-term technical indicators show strong bullish momentum, considering that the price has reached the upper band resistance and oscillation indicators are starting to show overbought signs, there is a need for a technical pullback in the evening, clearly touching the upper key resistance area. Xiaoge is firmly bearish; even if we fall, we will fall on the bearish side, maintaining a bearish outlook for the early morning.
Bitcoin: Can short around 109400-109700, short-term target 107500
Ethereum: Can short around 2580, short-term target 2450
From the 4-hour level analysis, the market previously experienced a series of consecutive bearish retracements, with bears once dominating. However, the intraday market saw a dramatic reversal, producing six consecutive bullish candles, forming a textbook-like six-consecutive-bullish pattern. This rebound started from the lower band of the Bollinger Bands, breaking through the middle band resistance with great momentum, ultimately testing the upper band resistance level. During this process, the Bollinger Bands channel exhibited a significant opening expansion. Although short-term technical indicators show strong bullish momentum, considering that the price has reached the upper band resistance and oscillation indicators are starting to show overbought signs, there is a need for a technical pullback in the evening, clearly touching the upper key resistance area. Xiaoge is firmly bearish; even if we fall, we will fall on the bearish side, maintaining a bearish outlook for the early morning.
Bitcoin: Can short around 109400-109700, short-term target 107500
Ethereum: Can short around 2580, short-term target 2450
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BTC
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ETH
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