$BTC The cryptocurrency market is a game for the brave, requiring keen market intuition, solid technical analysis skills, and calm decision-making wisdom. It is by no means a gambler's carnival; speculative behaviors such as blindly following trends or leveraging bets will ultimately be eliminated by the market. The true winners will always belong to those who maintain rationality amid volatility and adhere to value amid frenzy. Bitcoin has faced pressure and retreated from a high of 111548, briefly dipping to a support level of 110432 during trading. After a period of consolidation, the bulls began to gain momentum, initially advancing steadily with a stable upward trend, and then suddenly surging with strong buying support, continuously refreshing historical highs, eventually reaching a peak of 113738. Ethereum exhibited a similar rebound trend, retreating from a high of 2822 in the early session and finding buying support at the critical support level of 2756. The bulls then launched a counterattack, successfully recovering lost ground and further pushing up to a high of 2829. Today's trading strategy involves the Xiaoge team accurately grasping the market rhythm, with a total of 5 positions laid out. For Bitcoin, a strategy of two shorts and one long was adopted, accumulating a profit of 4400 points; for Ethereum, a combination strategy of one long and one short was employed, capturing 142 points.
From the current daily chart observation, although Bitcoin is showing a stair-step increase and frequently breaking historical highs, the 4-hour level has begun to show signs of fatigue. Although a bearish rebound has not formed an effective dip, selling pressure is gradually becoming apparent, with larger fluctuations in positions accompanying each high, and trading volume continuing to shrink as prices reach new highs, indicating that bullish momentum is waning. Although key support levels are currently holding, the RSI remains in the overbought area, and the demand for a pullback is accumulating. At current high levels, there may be major players offloading, so do not chase prices at high levels, and be wary of sudden deep pullback risks. A pullback is expected in the early morning.
Bitcoin: Short near 113800-114000, short-term target 111500
Ethereum: Short near 2860, short-term target 2750
