Latest Thoughts on Bitcoin and Ethereum Early Friday Morning, 7.11 🚀
Bitcoin surged again in the late night, hitting a new high of 113700, and the overall trend remains strong. After breaking through 112000, there was some fluctuation and consolidation, but each pullback feels like pressing the gas pedal to gain momentum; the main upward trend rhythm remains unchanged. The market has entered a short squeeze phase; do not fear heights or guess the top, continue to go long according to the trend. The key point is: the main force has no intention of unloading, and the market has not reached a turning point.
Currently, it belongs to a "slight pullback + short squeeze" rhythm, not allowing for deep adjustments or entry opportunities. It continues to climb in small steps; as long as there is no systemic negative interference, this wave of highs still has room. In terms of short-term operations, it remains: "buy on pullbacks, do not chase highs, focus on buying low."
Trading Suggestions:
BTC: Buy near 112000, targeting 114000-115000
ETH: Buy near 2780, targeting 2900 or even probing 3000
In highly volatile markets, remember to maintain good defense!!!
