$BTC The market is a mirror that reflects your greed, fear, hesitation, and arrogance. The true opponent is yourself; to conquer emotions is to conquer the market. Last night, Bitcoin surged to a high of 110,484 but faced downward pressure afterward. It rebounded to 108,966 at midnight and is currently reflecting a maximum rebound to 109,963. Ethereum also surged to a high of 2635 last night but faced pressure, with a minimum rebound to 2563 at midnight and currently reflecting a maximum rebound to 2602. From Thursday morning until today, the old highs have suggested a strategy of buying on dips. Throughout the day, two long positions were established. In the morning, a long position was set around 108,600, and in the afternoon, a prompt to exit was made around 110,200, securing 1,600 points of space. In the evening, another long position was established around 108,900, which rose to 110,400, prompting an exit again, securing another 1,500 points of space. Ethereum also established two long positions, one close to 2459 in the morning and another around 2612 in the afternoon, prompting an exit with 53 points secured. In the evening, a dip to 2574 was used to enter a long position, which rose to 2623, prompting an exit again for 49 points of space.
From the current market perspective, it has formed a two consecutive daily green candles after the China inquiry, and has opened above the upper band, continuously testing previous highs. Recently, attention remains on 110,650, the pressure point from mid-June; if this level breaks, it will test historical highs again, otherwise, a second downward adjustment may occur. On the four-hour level, the bullish momentum is strong, with high-level consolidation continuously building strength, testing secondary high points multiple times, and limited space for pullbacks, stopping at key levels. The pullback lows are constantly rising, and near the 108,000 mark, there is effective short-term support. Today, the main bullish stance remains unchanged, with short positions to be taken after high-pressure surges.
On Friday, Bitcoin can be bought around 109,000, with an initial target of 116,500; if it breaks through, the target will shift to 112,000.
Ethereum can be bought between 2555-2565, with an initial target of 2680.
