$BTC In the cryptocurrency market, which is full of challenges, price fluctuations happen constantly. In a one-sided market, once a trend forms, even a head pig can be pushed upwards. The Ethereum long position laid out at midnight entered around 4460, perfectly taking profit around 4565, earning 60 points! After a pullback in the afternoon, another long position was laid out around 4530, leading to a strong rise in Ethereum, achieving a new short-term high. It suggested exiting around 4750, with another 170 points gained. Bitcoin continued its bullish trend in the evening, laying out long positions around 120000, perfectly exiting around 121300, securing 1300 points!
On the daily level, since the rebound on the 3rd, Bitcoin has risen by 10,000 points, continuously testing historical highs, and is still in an upward channel overall. Ethereum's performance is even stronger, constantly breaking new highs. Currently, neither side has obvious technical pressure points, and every pullback can be seen as a buying opportunity. However, it's important to note that overall volatility is severe, and strict stop-losses must be set. On the hourly level, after six consecutive bullish candles, a pullback has occurred. The long upper shadow of the bullish candle indicates selling pressure, which hinders the continuation of the bulls. However, the MACD indicator's two lines maintain an upward posture, and the values continue to accumulate in the positive range, indicating that bullish momentum is still present. Remember to maintain defensive measures during overnight operations!
Bitcoin can go long around 120500-121000, aiming for 123000.
Ethereum can go long around 4670, aiming for 4800.