Today, the trend of Bitcoin shows that both long and short positions have certain space to take. In the morning, we positioned for a long and directly captured over 2,000 points of profit. Although there are not many significant movements today, the profit potential is very considerable. The intraday price reached a maximum of 95,578, then fell back to around 94,000 due to weakened market sentiment after the U.S. stock market opened, with a 24-hour decline of about 0.05%. The cumulative increase for the week still reached 12.8%, indicating strong upward momentum. Although there was a wave of downward movement in Bitcoin tonight, as long as the price does not substantially break below the 93,500 mark, our subsequent trend remains predominantly bullish. The target is the 100,000 mark. Bitcoin has totaled over 2,000 points today, while Ethereum has gained over 70 points.
Bitcoin has shown high-level fluctuations and a tug-of-war between long and short positions today, facing technical adjustment pressure in the short term. However, in the long term, supported by institutional capital inflows, tightening supply from exchanges, and the weakness of the dollar, the logic for rising remains unchanged, maintaining a long-term bullish outlook.
Bitcoin can be bought in the early morning around 93,000-93,200, targeting 95,000.
Ethereum can be bought in the early morning around 1,720-1,740, targeting 1,830.