It's time for the highly anticipated segment again. The market bullish sentiment is continuously pushing up, with Bitcoin surging to the 116300 level, and Ethereum starting to face pressure and retreat after reaching the 4250 level, continuously declining for correction. In the afternoon, Zhuo Wei set up a real position for Bitcoin around 115000 for long entries, and for Ethereum at around 4160. Currently, the market is hovering near the entry point, and friends who have followed this wave of thinking should hold patiently. Holding onto positions is the hard truth in the cryptocurrency circle; success is never achieved overnight.
The current market shows signs of bottom stabilization, with short selling momentum continuously weakening, and the downward space has basically closed. Observing from the 4-hour cycle, the market completed a pullback in a series of consecutive bearish candles, and after reaching the previous starting point, the bottom support effectiveness has significantly increased, with the short selling continuous momentum completely exhausted, and further downward momentum missing. From a technical perspective, the Bollinger Bands maintain a strong upward structure, clearly confirming that the major upward trend remains unchanged, and the pullback is merely a correction in the trend. Combining the daily operating rhythm, evening layout strategies can continue the daytime thinking, focusing on key support areas when the market retraces, and selectively laying out long positions to align with the current trend direction and market momentum conversion logic.
Bitcoin long in the 115000-114700 range Target 117000
Ethereum direct long around 4140 Target 4300
