Yesterday at midnight once again welcomed the frenzy of bulls, maintaining a bullish outlook throughout the day has brought us abundant rewards; last night, Bitcoin once again stabilized after retracing to around 108429, which aligns with our strategy to enter long positions nearby. Notably, the Bitcoin long position was taken at 108729, and finally, after the news broke in the early morning, Ethereum first experienced a surge, while Bitcoin followed suit, quickly catching up to the bullish momentum, moving unidirectionally upwards. We closely followed this bullish trend, holding onto our positions, and Bitcoin long positions were exited when it rose to 111684, yielding a profit of 2955 points; the market is indeed easy to navigate, and I believe that friends trading around Old Li's ideas in recent times have seen quite considerable gains.
Bitcoin and Ethereum's daily candlestick chart shows a strong upward trend, aligning with yesterday's predictions. The daily candlestick has transitioned from small bullish to medium bullish and then to large bullish, with the market unfolding as expected, continuously breaking through upper resistance levels. Bitcoin has once again reached a historical high, and Ethereum is testing its previous high again. After probing upwards yesterday, it showed a slight retracement without giving much room for decline. Currently, there is still a short-term demand for upward breakthrough, but Bitcoin still requires further correction. The upper channel has opened up; we are waiting for the market to accumulate momentum before continuing to rise; after stabilizing around the Bollinger middle band on the 4-hour chart, it directly broke through the upper band pressure. The Bollinger Bands are opening upwards, and it has already moved away from the middle band support position. The upward channel has opened up, and the bulls are performing well; the market trend is clear, maintaining a bullish outlook, focusing on buying on dips for operations.
Bitcoin can be bought between 110800-110300, with a target around 112500; Ethereum can be bought between 2770-2740, with a target around 2850, #BTC再创新高 $BTC
