The intraday market is about to finish. In the afternoon, our strategy of looking for a pullback to go long again is not very precise; after reaching a new recent high in the morning, Bitcoin experienced a wave of probing higher before retreating. In the afternoon, it pulled back to the 103283 line, slowly oscillating downwards with a slight downward spike, which directly reached our target point for going long. We closely followed and went long on Bitcoin near 103437, and the market stabilized again, quickly giving a slight rise, peaking at around 104873. We planned to exit when Bitcoin rose to 104673, and we made a profit of 1236 points; the market is just that easy to trade, you just need to control the timing of entry and the point of cutting in, and the exit is basically effortless.
Bitcoin first moves to probe higher and then retreats. After hitting the lower point, it stabilizes and rises again, with the daily line forming a certain lower shadow. Compared to Ethereum, the pullback space is larger, also due to the recent large fluctuation base, with upward momentum greater than Bitcoin, deepening the pullback space. Currently, the medium bearish K-line is pointing down. In the early morning, we see Ethereum forming a similar pattern to Bitcoin, touching the bottom and rebounding, creating a wave of upward movement, and starting to form a candlestick, with a longer lower shadow. On the 4-hour chart of Bitcoin, after a wave of upward movement in the morning, the movement trajectory again shifts the range up, and the pullback space has not broken the previous low, still belonging to a normal pullback correction in a strong market. As for Ethereum, there's no need to say much; after reclaiming the 2600 mark, it has formed a wave of probing higher and then retreating, similar to the previous recovery of the 2500 mark. After the price ratio pulls back and corrects, the market will continue to rise; our thinking in the early morning remains unchanged, looking at the candlestick of the price ratio, with a large fluctuation base, we can first look for a pullback before going long.
Bitcoin can be bought at 104000-103500 in the early morning, targeting around 106000; Ethereum can be bought at 2470-2430, targeting around 2580. #BTC重返10万 $BTC