The celebration of the bulls comes to a temporary pause, and the market begins to slow down. Let’s summarize yesterday's market; Bitcoin had a retracement correction yesterday, dropping to a low of around 108480 before stabilizing again. This level also established yesterday's long position defense point. Although there were intraday dips, none broke below this level. After stabilizing, the market rose again and refreshed recent highs during the day, peaking at around 110484. We maintained the strategy of buying on dips, which was well managed. In the evening, the market operations peaked, and when it retraced to around the 109 level, we reminded to buy and add positions, which again captured the market. Throughout the day, Bitcoin gained a total of 3824 points, and Ethereum gained 240 points, resulting in significant profits. How did everyone do? Did you reach your ideal targets? Even standing on the wind, it can't achieve the desired results, so it's time to reflect on where it wasn't done well enough.
After continuously probing the previous highs, Bitcoin faced slight resistance but did not give much room for a pullback. Instead, it oscillated and consolidated at high levels, with significant volatility exacerbating the consolidation space. The daily chart formed a certain upper shadow again, but the structure has not changed; it is still in a staircase upward trend. After the oscillation and accumulation at high levels, there is still upward momentum in the future market, with Ethereum showing a similar pattern to accumulate for further upward movement; the 4-hour chart is wide-ranging oscillating below the upper Bollinger band, and each dip has not broken new lows, forming effective support below. The 4-hour chart is currently pointing upwards, having already moved away from the middle band by a certain distance, and remains in a strong bullish trend; the thinking remains unchanged overnight, holding the middle band, we continue to see the price rise and close higher.
Bitcoin can be bought in the range of 109300-108800, with a target around 111000; Ethereum can be bought in the range of 2580-2550, with a target around 2680. #BTC重返11万 $BTC