The bullish outlook observed in the early morning was accurately captured again; the lowest pullback of the Bitcoin hit the line of 107456, aligning with the entry point for the bullish strategy we provided. The traders closely followed and entered long positions near 107506. From the early morning until the morning, the market remained in a slow upward oscillation. When Bitcoin rose to 108446, a timely reminder was given to exit, securing a profit of 940 points; the recent market has been sluggish, with limited movement, remaining in a state of oscillation and correction. We should not be overly aggressive in our trading; one cannot become a big winner in one go. As long as we ensure each trade yields decent profits and maintain stable outputs daily, timely adjustments will be the best accumulation for our positions.

This week started at a high point, which has led to Bitcoin currently being in a high consolidation phase, not extending the bullish continuation from last week. Presently, the weekly K-chart shows a small bearish candle that is pulling back and consolidating for momentum. Whether it can complete the consolidation and push higher soon remains to be seen. There haven't been significant news releases this week, and it may continue to move in a high consolidation phase, presenting a zigzag pattern. Bitcoin and Ethereum are exhibiting similar trends. The daily chart shows two consecutive bearish candles pulling back, getting very close to our long position defense point. For those holding long Bitcoin positions, be patient until it truly reaches and breaks below. If the market shifts and begins to undergo a deep correction, we will adjust our positions accordingly. As of now, the trend has not changed; the pullback has not broken the previous low. The bullish outlook remains unchanged for the afternoon, with current prices allowing for direct long positions in both Bitcoin and Ethereum. We anticipate the market will trend higher and close higher.

In the afternoon, Bitcoin can be bought in the range of 107500-107200, targeting around 109000; Ethereum can be bought in the range of 2520-2500, targeting around 2600. #比特币 $BTC