$BTC Remember this truth: A market pullback in a bull market is not an opportunity for you to get on board; it is to completely leave hesitant dogs behind! Professional players ride the waves as easily as breathing, while stubborn bears face liquidation like clockwork. The intraday market saw Bitcoin strongly rebound from a low of 115186, with an intraday high reaching 118882, but it could not effectively stabilize at this level, and subsequently fell back to the support level of 116611 before rebounding. Ethereum's movement stayed in sync with Bitcoin, first pushing to a high of 3040 before retreating, then rebounding again after finding support at 2935. The bullish strategy provided by Xiaoge for the day was validated by the market, and based on the trend, a long position was set up at 1006100, ultimately cashing out smoothly at a price of 117800, capturing a space of 1700 points. In the afternoon session, we precisely set up a long position at 2971, and as the market steadily rose, we eventually took profits at 3030, successfully capturing a space of 59 points.
From the current market trend, the weekend effect often brings opportunities for technical corrections. From a technical indicator analysis perspective, the MACD indicator shows signs of fatigue at high levels, and the KDJ indicator also displays overbought signals, indicating that the market needs to digest the profit pressures arising from the previous rapid rise in the short term. Observing from the volume perspective, recent trading volume has shown a moderate increase, but the upward momentum has weakened. It is expected that over the weekend, the market will enter a consolidation phase that exchanges time for space, using horizontal fluctuations to repair the overbought status of the technical indicators. This trend is conducive to clearing floating capital, accumulating new upward momentum for future market conditions. The overall market is still in an upward channel, and a short-term adjustment does not change the mid-term positive trend; thus, we will continue to maintain a strategy of buying on dips.
Bitcoin: Short around 117200-116800 with a short-term target of 119000.
Ethereum: Long around 2940-2960 with a short-term target of 3050.