The current market situation is too mediocre. It seems there is room for movement up and down, but in reality, it is mostly fluctuating. In the short term, we are still oscillating around the range. During the day, we managed to seize some decent space by capturing the back-and-forth movements, and during this period, we focused on positioning up and down, capturing several hundred points comfortably. Once it takes off, we will accumulate steadily and continue to push forward. We also captured a significant amount of space by taking several hundred points during the day. The only time we went long in the morning was also indicated very accurately, resulting in over a thousand points of space captured, with Ethereum gaining over a hundred points. This demonstrates the effectiveness of following the technical structure, and many members have asked if I am controlling the market. In fact, I just want to say that everything follows the technical structure, which can generally achieve a high success rate.
The daily K chart has managed to hold the key level at the lowest point while also recovering recent losses. After the rise, there was no significant pullback. Currently, we are still in a high-level fluctuation, which is what we previously mentioned as a phase of time correction. The four-hour continuous bullish structure has also been maintained, with minor pullbacks being insignificant. Currently, the price has also recovered above the middle line, and locally, it is consolidating and correcting while moving upward step by step. Overall, the pullbacks are accompanied by continually rising lower pin points, without any significant drop in volume or large bearish candles appearing. Moreover, each drop has corresponding rebounds, and the bearish pullback strength is not enough to reverse the strong trend; it merely serves to slow down and adjust the ascent.
In the afternoon, the major coin is directly long around 112500-112000, targeting 115000. Ethereum is directly long around 4320-4300, targeting 4400.
