Looking back at the Bitcoin market, after a dip to the low of 116788 in the early morning, it rebounded to the high point of 118449, and then the market fell into a range fluctuation in the afternoon. After the Bitcoin dip to 116788, there was a rebound at noon. We seized the opportunity and arranged for students to enter the market near 117000 in the early morning, with a take profit at 118000, gaining 1093 points. The Ethereum layout in the morning was precise; after the market corrected to the predicted point, we arranged for students to enter a long position at 3520, with a take profit at 3600, gaining 80 points of space. The market always has opportunities; it's just about whether you can seize them.
From a technical perspective, Bitcoin closed with a medium bearish doji yesterday, failing to extend after a rise and rebounding after a decline, showing a broad consolidation. The daily chart shows a small bullish doji, indicating that further consolidation is needed in the short term; Ethereum experienced a retreat after probing higher but did not break the previous low, exhibiting a small bullish doji on the daily chart, overall showing strong consolidation. The 4-hour chart of Bitcoin rebounded after touching the lower track, reclaiming the 118 level (original mid-track support turned into resistance), and is currently undergoing oscillation correction. Although the market is relatively slow, its strength has not changed, and it may slowly rise to force shorts; the outlook is bullish, and pullbacks should mainly focus on long positions.
Saturday's trading suggestion: Go long on Bitcoin near 118000, target 119500.
Saturday's trading suggestion: Go long on Ethereum near 3550, target 3650.
