$BTC Face loss calmly, strive for the inevitable lightly, and follow the natural course. Only through extreme effort can one deserve extreme scenery. The market today is still dominated by bulls, with the overall trend replacing the consolidation trend with sideways movement.

On the four-hour level, after a peak and a pullback, a two consecutive bearish candle pattern formed after touching the upper track. The pullback is not the beginning of a reversal; it is merely a strong pullback formed due to news events. A change in trend must be a combination of strength and time. The breaking of a strong pattern must lead to a rapid downward breach and a continuous decline. Although the evening saw a downward breach, it was also caused by news events. Generally, significant rises or falls triggered by news will not affect the final technical pattern’s rhythm; it will still return to the main trend. This bull market has not ended, so the old high remains optimistic about the emergence of a new rise in the future. In the afternoon, focus on the continuity of the pullback for short-term operations before entering long positions.

Long near 114300 for Bitcoin, target 116500. Long near 3650 for Ethereum, target 3800.