The intra-day Bitcoin market is fiercely contested. First, the early market began to gain momentum, with the trading price starting to rise from the back-tested low point near 118,200, reaching a peak around 123,300 in the afternoon, resulting in a rise of over 5,000 points. Subsequently, the market started to decline, dipping to a low of around 119,000, with a cumulative drop exceeding 4,000 points. This back and forth resulted in a nearly 10,000-point fluctuation within a single day, which could easily lead to irreversible losses if not careful. From morning to noon, we successfully placed two buy orders on the market as expected, securing a total of 3,896 points from Bitcoin and 127 points from Ethereum, achieving a double harvest effortlessly.

From the current market perspective, the evening trading has retraced too quickly, suggesting a possible washout, but the overall trend still leans towards a bullish outlook. Therefore, our subsequent operations can only be focused on buying, though the position needs careful consideration. Currently, the four-hour chart shows a stop in the decline and a bullish move, once again breaking above the 120,000 level. The price is retracing to the lower edge of the upward channel without forming a reversal despite the evening's deep retracement. The daily line shows an inverted hammer candlestick pattern, where the market has made several upward movements during the day. The presence of strong selling pressure above is normal, but the price remains firmly above the moving averages, indicating continued strength. Thus, at midnight, our strategy remains unchanged, still looking to buy, and we can proceed with the low buy orders on the market.

Bitcoin: 119,500~112,000 bullish, looking up to 122,000.

Ethereum: 2,960~2,990 bullish, looking up to 3,080. $BTC $ETH #Strategy增持比特币 #BTC再创新高 #币安Alpha上新