$BTC Don't be anxious due to short-term fluctuations; real wealth takes time to solidify. The most expensive thing in the cryptocurrency world is not BTC, but the opportunities you missed because of hesitation. Bull markets are a celebration, bear markets are for cultivation, and true winners are long-term thinkers. The recent market undoubtedly belongs to Ethereum's celebration, hitting a new high every day, with basically no significant pullbacks. After a midnight surge to the 3823 line high, it entered a phase of retracement to confirm support, with a minimum pullback to the 3681 line, and currently, bulls have once again entered a strong recovery phase. Bitcoin has been relatively weak recently, rebounding to around 118900 yesterday but falling back, with a minimum drop to the 116500 line in the early morning. Today, driven by Ethereum, it is gradually regaining its strong rhythm, having recovered the 119000 mark. The bearish outlook for Bitcoin on Sunday night came to fruition, while Ethereum suffered minor losses, with a 50-point stop loss.
From the current market perspective, the strategy for the future is to follow the trend without interruption, continuously entering long positions at each pullback. Since the 3800 mark has been broken, the space above has already opened up. Of course, as highs continue to rise, there will certainly be more highs in the future, and pullbacks will also occur, just like the Federal Reserve's rate cuts will eventually come. Even if we encounter pullbacks when going long, it will only stop once, and in fact, there will be more opportunities to go long. Trend changes cannot be achieved overnight; don’t think about shorting at highs and longing at lows. There is only one top and one bottom. If you take multiple tolerance tests to catch an unknown point, even if you catch it, will it be enough to compensate for repeated stop losses? And what if you can't catch it? So be cautious about shorting the top. The future still looks more favorable for the bullish trend, focusing on following the pullbacks for entry.
On Monday, Bitcoin can be long around 118500, targeting 121000.
Ethereum can be long at 3750-3760, targeting $ETH 3850-3900.
