The fluctuations of the market at $BTC are normal; the ability to grasp key nodes is often the core of profit. This morning, the market continued the upward volatility from earlier, with the major cryptocurrency temporarily pausing after reaching 114963 points, while the altcoin also moved in sync, peaking at the 3575 line. We have planned two trades: a long position on the major cryptocurrency entered at 104099 points, exiting at 114852 points for a successful gain of 753 points; and a long position on the altcoin entered at 3477 points, also yielding a profit of 88 points. The current market rhythm is clear; as long as we closely follow the strategy execution, maintaining steady profits should be easy, and flipping the account is even more attainable!
From the current market perspective, the major cryptocurrency shows characteristics of continuous rebound, with momentum continuously being released. After reaching a temporary bottom, the daily chart has embarked on a steady recovery, indicating that the selling pressure has entered a period of exhaustion, providing a structural basis for the continuation of the rebound trend. On the 4-hour cycle, the price has broken through the upper Bollinger Band resistance, forming a strong support shape in the middle band area. Future strategies can rely on this key support level, and the upward space is expected to gradually open up. The altcoin's trend shows a high degree of correlation with the major cryptocurrency, releasing rebound momentum in sync after confirming the bottom, and technically it also has the conditions for continued upward movement. Our midday operations will focus on pullback trades.
Monday midday strategy: Major cryptocurrency 113900-114100 long, targeting around 115500. Altcoin 3515-3535 long, targeting around 3610.