Reviewing the morning Bitcoin rebound from the low of 90024 to the high of 91850, followed by a slight pullback. Ethereum has mirrored Bitcoin's movements, rebounding from the morning low of 3002 to the high of 3070 before experiencing a minor correction. This morning, Yang Jie publicly suggested entering long positions during the pullback, perfectly validated. Yang Jie entered long positions for Bitcoin and Ethereum at 90150 and 3014 respectively, exiting at 91187 and 3064. Bitcoin long positions gained 1040 points, while Ethereum long positions gained 50 points.
According to the current market structure analysis, a strong bullish breakout pattern has formed with four consecutive bullish candles on the four-hour chart. Bullish momentum continues to be released, showing a clear one-sided upward trend in the short term. Currently, the market sentiment is dominated by bulls, accompanied by effective volume expansion, further enhancing the upward momentum of prices. The one-hour chart indicates that after touching the upper Bollinger Band, the market has entered a tug-of-war phase between bulls and bears, with candlesticks showing alternating small bearish and bullish patterns, indicating that the market is in a period of consolidation. Although short-term fluctuations are narrowing, the overall structure remains a stepwise upward trend. It is recommended to continue focusing on bullish positions as the main direction for trading.
Bitcoin: Enter long positions in the range of 90500-91000, target around 93000.
Ethereum: Enter long positions in the range of 2970-3000, target around 3100.
