$BTC Today's early market trend exhibits the characteristics of initially declining and then rising: the market first dipped to the support level of 115186, and then the bulls launched a strong counterattack, breaking through the previous high with a fierce offensive, ultimately reaching the high point of 118395. Ethereum stabilized and rebounded after retracing to the support level of 2913, peaking at the resistance level of 3028. In terms of trading strategy, we initially tested the market with short positions in the morning, and after taking profits, we promptly adjusted direction to establish long positions at 1006100, ultimately successfully cashing out at the price level of 117800, securing a profit of 1700 points. This series of operations accurately grasped the market rhythm, fully demonstrating the trading wisdom of following the trend.
From the current 4-hour K-line chart, the market shows a strong bullish pattern, with continuous K-lines closing in the green, forming a clear upward channel. The price lows show a staircase-like upward movement, creating a perfect bullish arrangement with typical higher highs and higher lows. In this sustained one-sided upward trend, the market has not provided obvious retracement opportunities, and even common short-term technical corrections appear quite restrained. The trading volume also shows a mild expansion, indicating that funds are flowing in orderly, and market bullish sentiment continues to heat up. The fast and slow lines of the MACD indicator remain steadily diverging above the zero axis, with bullish momentum bars continuing to expand. Although the RSI indicator has entered the overbought area, it has not yet shown a top divergence signal. These technical indicators support the strong momentum of the current upward trend. From the market characteristics, this strong rise that refuses to retrace often means a high degree of control by the main funds, and the market's reluctance to sell is evident. Especially near key integer levels, the price still maintains a smooth upward posture, indicating that the bulls fully control the market rhythm, so we maintain a bullish outlook for the afternoon.
Bitcoin: Buy near 116800-116300, short-term target 119000
Ethereum: Buy near 2950-2930, short-term target 3030
