Do not fear the fluctuations of the market; they are merely a touchstone to test our determination and wisdom. In the cryptocurrency world, there is no journey without ups and downs, but it is these twists and turns that forge our unyielding will and keen market insight. On Wednesday evening, Bitcoin first rose to a peak of around 109738 before coming under pressure, subsequently technically retracting to a low of around 108429 before stopping, and is now rebounding again. Ethereum's evening market continued the upward momentum from the afternoon, with prices rising from an afternoon low of 2604 to a peak of around 2674. Yang Jie’s three bullish Bitcoin positions and one bullish Ethereum position during the day were executed as expected. The Bitcoin long position arranged at noon entered around 108422 and exited around 109014, capturing a space of 590 points. The Bitcoin long position arranged in the afternoon entered around 108650 and exited around 109638, capturing a space of 1000 points. The Bitcoin long position arranged for the evening entered around 108666 and exited around 109459, capturing a space of 800 points. The total gains from the three Bitcoin bullish positions throughout the day amounted to 2390 points. Similarly, the Ethereum long position arranged for the evening entered around 2622 and exited around 2664, capturing a space of 46 points.
The three consecutive bullish candles on the four-hour chart are a clear signal of bullish strength, and the up-and-down pin bars appear more like minor divergences in the process, without shaking the major direction. The opening of the Bollinger Bands and the MACD golden cross continue to support the bulls. Although the one-hour level encountered resistance and slowed down after breaking the upper band, the upward channel remains intact, indicating that the short-term rhythm may tend toward oscillation and consolidation, but the overall trend remains upward.
Bitcoin can look for a bullish target around 110500 near 108500.
Ethereum can look for a bullish target around 2730#币安八周年 $BTC near 2630.