$ETH Kuai Sun is the norm for most people in the cryptocurrency space, but it is also your opportunity for evolution. The real risk lies not in the market's fluctuations, but in whether we can iterate our understanding with each lesson, allowing our investment behavior to shift from 'gambling' to 'strategy'. Maintain a sense of awe, and you will achieve longevity. At the beginning of this week, Lao Gao provided insights on a bullish wave. Fortunately, the market has operated as we expected. Early this morning, Bitcoin once again broke through the 110,000 mark, and after surpassing the previous high of 110,650, the bullish trend continued, reaching a new historical high of 112,036. Ethereum also performed strongly, starting its rise from the 2,628 level last night. The bullish momentum surged, continuing from early morning to today, with the highest point reaching 2,798. After a pullback last night, we re-entered positions and advised VIP group members to hold in multiple waves. Bitcoin was indicated to enter around 108,600, and Ethereum around 2,635, with strong upward movement overnight. Bitcoin was advised to take profits near 111,500, and Ethereum near 2,780. The wave trading was as expected, gaining respectively 2,900 points and 145 points of space.
From the current market perspective, both the daily and 4-hour levels show strong bullish movements with consecutive bullish candles. The continuous bullish volume indicates a strong return of the bulls. However, after the surge, the 4-hour level shows a short-term trend of forming a top and a pullback, creating a pattern of three consecutive small bearish candles, which is a normal corrective behavior in line with expectations, indicating that the bulls are entering a pullback consolidation phase. Overall, the trend remains strong, although it is slightly weak in the short term, with reduced volatility and a slow adjustment phase. In the short term, a pullback is occurring, so pay attention to the extent of the pullback before re-entering long positions.
On Thursday, Bitcoin can be shorted near 111,500, with the initial target focusing on 110,000-109,500.
Ethereum can be shorted at 2,820-2,800, with the initial target focusing on 2,700.
