$BTC Kuai Sun is the norm for most people in the cryptocurrency circle, but it is also your opportunity for evolution. The real risk does not lie in the market's volatility, but in whether we can iterate our understanding with each lesson, shifting our investment behavior from 'gambling' to 'strategy.' Maintain a sense of awe to achieve longevity. At the beginning of this week, Lao Gao provided the idea of a bullish wave. Fortunately, the market has been operating as we expected. Early this morning, Bitcoin once again broke through the 110,000 mark and continued to break the previous second-highest point of 110,650, with bulls extending to the current highest point of 112,036, refreshing the historical high. Ethereum also performed strongly, starting to surge from the 2,628 level last night, with bullish momentum like a raging tide, continuing from early morning to today, currently reaching a high of 2,798. After a pullback last night, we re-entered with a bullish layout and advised VIP members to hold in multiple segments, with Bitcoin around 108,600 and Ethereum around 2,635 suggesting to go long. This morning, we saw a strong surge, with Bitcoin around 111,500 and Ethereum at 2,780 suggesting to take profits. The bullish segments were received as expected, with one trade making a profit of 2,900 points and another 145 points.
From the current market perspective, both the daily and 4-hour levels are continuing with strong bullish candles, with consecutive bullish volume indicating a strong return of bulls. However, after the surge, the 4-hour level has formed a short-term trend of a top pullback, creating a pattern of three consecutive small bearish candles, which is a normal corrective movement as expected, with bulls entering a pullback accumulation phase. However, the overall trend shows a strong performance, with slight weakness in the short term. Currently, volatility has slowed down, forming a slow pullback and consolidation correction. In the short term, we are seeing a pullback action, so pay attention to the extent of the pullback before re-entering long positions.
On Thursday, Bitcoin near 111,500 can be shorted, with the target initially focusing on 110,000-109,500.
Ethereum 2,820-2,800 can be shorted, with the target initially focusing on 2,700.
