The intraday market has basically run its course. The major cryptocurrency experienced a significant drop early yesterday morning, with bears exploding in strength, pushing down to the critical level of 100,600. After hitting this low point, it rebounded and fluctuated upwards to around 103,000 due to support levels, with the intraday market mainly characterized by fluctuations, not showing a strong unilateral trend. The evening fundamentals also did not cause volatility in the market. Yesterday, we repeatedly provided bullish strategies, and our major cryptocurrency successfully gained nearly 4,000 points intraday, while Ethereum gained close to 200 points, yielding significant profits. Fluctuations in the cryptocurrency market are the norm; price movements are like waves, rising and falling. This is both the soil of opportunity and a test of risk. When the market is in a slump, there is no need to be overly pessimistic. Every low point often breeds the rise of the next peak.

From the current market perspective, the overall trend still leans towards bullishness, with the bullish trend remaining evident. The daily chart closed with a small bullish candlestick yesterday, with long upper and lower shadows, indicating fierce tug-of-war between bulls and bears. From the four-hour chart, the Bollinger Bands are tending to parallel, with clear signs of fluctuation. The KDJ lines are diverging upwards, with continued bullish volume, and technical indicators show that the bullish strength is relatively strong in the short term. From the hourly chart, after breaking through the upper band, the price did not stabilize but quickly retraced, fluctuating within the range, indicating strong resistance above. We should focus on this range, and it is recommended to wait for a pullback before entering long positions, with everything based on solid analysis.

The major cryptocurrency can be bought at 103,000-103,500, targeting around 105,500; Ethereum can be bought at 2,550-2,580, targeting around 2,700. #比特币 $BTC