Good morning, friends! The midnight Bitcoin upward momentum has slowed down, peaking near the previous high of 115700 before facing resistance and pulling back. Currently, it is oscillating and adjusting around the 115000 mark. We suggested being optimistic about Bitcoin's continuation during midnight, and those who preemptively placed their orders successfully captured a gain of 1305 points for Bitcoin and 75 points for Ethereum. Due to the late update of the strategy, the friends who managed to catch the opportunity are probably few, but there's no need to feel regretful. As long as the market is active, opportunities will always be present. Pay attention to Xiangyu to help you find direction in the fog of the market.
From the current market observation, Bitcoin has twice attempted to approach the 115500 level but has not been able to achieve an effective breakthrough, and the resistance above is significantly strong. The daily chart is about to close positively, with a balanced length of upper and lower shadows, and the tug-of-war situation continues to intensify. After three consecutive hours of downward movement, it has turned into a fragmented K adjustment, and the market has gradually stabilized, oscillating around 115000 to accumulate energy for a subsequent second upward attack. From the four-hour chart perspective, Bitcoin's W-bottom formation is solid. Although there was a weakness after a price spike failed, the trading volume shows a contraction feature, indicating that this weakness has limited continuation strength and is not a reversal signal. Therefore, in the short term, we maintain our bullish outlook on Bitcoin, primarily focusing on opportunistic low entries.
Bitcoin: 114500~114800 bullish, looking up to 116500. $BTC $ETH #加密市场回调 #美国加征关税