The path of trading $BTC is a simple--complex--simple process. The initial simplicity comes from ignorance and fearlessness, while the mid-stage complexity arises from the various market conditions, patterns, structures, traps, indicators, and methods seen. Therefore, when faced with the market, the mind spins rapidly, trying to find corresponding methods while overthinking the complexity. The ultimate simplicity is to simplify the complicated, to see through the authenticity of the market at a glance, and to analyze and trade fluidly.

After peaking and adjusting in the short term, Bitcoin has now stabilized at the middle track of the daily line level. The small cycle maintains the bullish rhythm emphasized yesterday. Currently, the bulls are strong, but one must be cautious of deep pullbacks that could damage the upward momentum. Fortunately, the bearish resistance is limited, and the market continues to set new highs, confirming the trend. The small cycle rebound shows a shallow pullback pattern, indicating that support has not yet been fully released, and there is still room above. During the bullish correction and consolidation phase, both long and short positions can be taken, but the preferred option is to follow the trend and enter low long positions on pullbacks. The midnight strategy will first lay out long positions on pullbacks, and subsequent adjustments will be made based on momentum.

In the afternoon, look to buy on pullbacks around 117500-117000, with a target near 119000. For Ethereum, focus on the 4500-4480 range to buy, with a target near 4600.