In the evening, the Bitcoin market experienced a strong stretch coinciding with the opening price of the US stock market, reaching a peak of around 90,914. Ethereum also followed suit, hitting a high of around 1,680. Despite a small loss on the Bitcoin short position laid out by Brother Sheng in the evening, he quickly adapted with sharp insight and positioned himself for a Bitcoin long, suggesting to enter near 89,314 and taking profits near 90,436 for a gain of 1,100 points. In the cryptocurrency market, no one can achieve 100% accuracy; mistakes happen, but the key is how to recover losses after they occur.
From the current market perspective, the four-hour level shows a significant bullish stretch, with prices breaking through the upper Bollinger Band, and recent highs continuously rising. The strong bulls are unstoppable; any upward break will mean increased volume. The bulls' frenzy is expected and is a necessary rise influenced by the trend structure. For the current market, a pullback is bullish; if there’s no pullback, then it’s a short-term continuation to see further highs, with a direct upward surge during the day. The future market trend remains quite clear; it is still predominantly bullish, and following the bulls is the main theme. In the short term, the price may experience some correction, but corrections serve to better support the rise, accumulating energy for the bulls to launch a new assault. Therefore, in terms of operation, we mainly focus on buying on the pullbacks.
Buy Bitcoin near 90,000 with a target of 91,500.
Buy Ethereum near 1,650 with a target of 1,720.
