No tricks, just solid strength. The ideas provided in the early morning all reached their profit targets as expected. The price comparison again gave a strong rise, with Bitcoin once again challenging the 105,000 mark, reaching a high of 104,949. Ethereum's early morning performance appeared even stronger, with a surge directly breaking the 2,700 mark, peaking at 2,738. Before the price comparison rose, we had already given the hint for going long. Therefore, in the early morning's trading, we all took profit as expected. Bitcoin's long position was set at 103,697, and we advised to exit at 104,851, perfectly capturing a space of 1,154 points. Ethereum's long position was indicated around 2,580, and upon rising to 2,720, we advised to exit, perfectly securing a space of 140 points. Since the early price comparison started to rise, our thinking has consistently revolved around bullish layouts. Overall, whether in terms of ideas or adjustments during trading, we can only say that we have a thorough understanding of the market.
Analyzing from the current market situation, as the downward spikes continue to rise, the bulls have slowly reclaimed most of the territory. While reclaiming, the pullback strength is also gradually diminishing. Although the short-term operation is in a wide range of fluctuations, the larger direction still returns to bullish. The short-term upward movement, although pressured and pulled back, still has support below. Currently, the price comparison is running at the middle track of the Bollinger Bands, showing signs of upward continuation, combined with the upward elevation of the lows. The 4-hour bullish consolidation is waiting for further upward movement, currently in a tug-of-war oscillation rhythm within the range. The continuity of both long and short is not strong. In the short term, it is expected to rebound from the lower track to the middle track, with potential for a pullback to the upper track. Structurally, it leans towards a rebound.
In the afternoon, Bitcoin is directly long around 103,300-102,800, looking towards 105,500. Ethereum is directly long around 2,620-2,600, looking towards 2,750. $BTC