Good morning everyone! It's a new day again. Every day we face you with a brand new appearance. After the evening Bitcoin surged to 95,000, it began to pull back, with a correction of about 3,000 points. We seized the opportunity to enter long positions after the price retraced, securing over 1,700 points. Yesterday's bullish outlook was once again confirmed.
On the daily chart, there have been four consecutive large bullish candles, and there hasn't been a series of consecutive bearish closes. After single bearish adjustments, there has been a continued upward movement breaking previous highs, suggesting we should follow the daily lows with a bullish bias. The overall price action on the four-hour chart remains steadily upward. The simplest judgment of a strong market is whether the highs are being refreshed and whether the lows are being raised. Clearly, the current market rhythm aligns with the most fundamental bullish patterns. Therefore, we should treat each pullback based on corrections. As always, as long as the trend has not reversed, we will continue to hold a bullish view. It is recommended to focus on buying on pullbacks during the day.
In the morning, Bitcoin can be bought at 93,000-92,800 targeting 95,000.
Ethereum can be bought in the morning at 1,750-1,770 targeting 1,870.