The price comparison's trend this morning also showed a rise followed by a pullback. When the price comparison once again approached around 93800 in the morning, it encountered resistance and failed to break through the previous high point's pressure level. Subsequently, the price comparison fell back and continued to oscillate around 93500. Overall, the morning market is also in a state of high-level oscillation and correction, and in the short term, it will contest key resistance levels. We directly entered a long position near 93000 as publicly suggested at midnight, and after the morning price comparison successfully reached a high, we also captured over 800 points of movement, with Ethereum synchronously capturing 40 points. Randomly, we provided a reminder in the morning to first observe the price comparison's pullback and not to blindly chase long positions, so there have been no suitable entry opportunities. Currently, the price comparison is still continuously oscillating and correcting at high levels, so one must have their own strategy and not be swayed by market noise. We are bullish, but we cannot be blindly optimistic; we need to rationally and strategically find suitable opportunities.
After the recent consecutive daily upward movements, the daily structure is currently in a phase of contention between bulls and bears, indicating that both sides have opportunities in the short term, depending on how you grasp this range. The current pullback is also within a normal correction range; a wave of pullback is insufficient to change the overall trend structure but may present certain inducements for shorts. However, the short-term structure still leans towards a strong continuation trend. Although it has dipped, it has already stopped at lower levels. In the event of a stop in the decline, the short-term rebound still has the possibility of further declines. After the four-hour bearish decline, a slight rebound has also occurred, and the current rise has recovered some lost ground. The four-hour bullish watershed remains near the middle track, and the price comparison's dip has not broken through the middle track, which gives us further reasons to remain bullish. The bearish energy cannot be said to be nonexistent, but comparatively, it is insufficient to change the overall market trend. Currently, various moving average indicators have also reversed direction towards the bulls.
In the afternoon, directly go long around 93200-92800, first targeting 95500 for Bitcoin. For Ethereum, directly go long around 1775-1755, first targeting 1880.
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