$BTC The market always rewards two types of people: the brave who dare to position themselves during panic, and the wise who can exit during frenzy. On Sunday, Bitcoin's price rebounded after dipping to a low of 117121 in the morning, and subsequently climbed to a high of 118558 in the evening before pausing. Ethereum's performance mirrored that of Bitcoin, with the price rising steadily from a morning low of 4393 to an evening high of 4559 before facing pressure and retreating.
Daily Structure: Continuous upward movement recovering previous losses, with prices touching the upper band and closing at a high level, showing a high-level consolidation pattern. This pattern demonstrates strong momentum, with corrections likely to occur through high-level consolidation (time correction), making deep pullbacks unlikely. Short-Term: A second pullback confirms the platform support is effectively stabilizing. Market Expectations: In the morning and during the European and American sessions, we are optimistic about the price reaching new highs and breaking above, with a clear direction. Trading Strategy: Indicator moving averages are dull, and the trend is flat. Focus on seizing opportunities during morning pullbacks, and time to follow up on long positions.
Morning pullbacks at 117500-117000 for longs, with targets around 119000; for Ethereum, focus on the 4500-4480 range for longs, with targets around 4600.