Yesterday's market has already completed, and maintaining a posture of buying on dips throughout the day can be said to have achieved great success; in the early morning, Bitcoin fell to a low of 107456, and after stabilizing, it welcomed a wave of rally in the morning. We not only focused on Bitcoin but also captured nearly a thousand points in space. The price continued to give back to the dips, testing the lower support again, which was firmly held. After the intraday low dropped to around 107400, the market stabilized again, showing wide fluctuations and moving upward. The afternoon's focus also concluded in the evening, with Bitcoin capturing another thousand points of space. In the evening, there was again a wave of retracement, and after testing the lower support at 108, it rose again, providing a sufficient space of a thousand points. It can be said that as long as you follow Lao Li's strategy of buying on dips throughout the day, you can basically reap considerable rewards. How did everyone do? Did you all get your share of the profits?
Bitcoin and Ethereum once again formed a bottom rebound pattern, with the daily line rising. The daily chart shows a pattern of oscillating upward. After multiple tests of the lower support throughout the day, the support has been continuously moving up. The bulls performed well, and the trend has not changed. Currently, Bitcoin is oscillating and adjusting around 108500, while Ethereum is near the 2600 mark. After stabilizing, the market will once again welcome a wave of bullish frenzy; the 4-hour chart shows that Bitcoin is testing the 107 mark and forming a bottom rebound pattern. Previously, we had already set our long defense level at around 107, which is also our support level, and the market has moved in line with expectations, firmly holding on. Currently, the price has already moved far away from the lower Bollinger Band support, and we are now looking at the mid-band. After completing the oscillation and building momentum, we will welcome a wave of rally in the morning or early afternoon, but we should also be careful of a pullback after reaching a high. In terms of operation, we still maintain the strategy of buying on dips, and our bullish outlook remains unchanged. After reaching the pressure level above, we will consider shorting.
In the morning, Bitcoin can be bought at 108500-108000, with a target near 110000; Ethereum can be bought at 2600-2580, with a target near 2680. #比特币 $BTC