The market is like a great river, turbulent and never-ending. Every trader is like a person sailing in this river; only by going with the flow can they reach their destination faster. However, going against the current not only consumes more energy but also poses the risk of capsizing. The market is ever-changing, and an excellent trader must have keen insight to capture every subtle change in the market. However, when they ignore market trends and act independently, they are often swallowed by the market's giant waves.
The overall trend during the day remains in a narrow range of fluctuations. After rising to the 104949 line in the morning, it also experienced a pullback due to resistance from above. Ethereum entered a narrow range of fluctuations after rising to the 2738 line in the morning. Overall, we have not placed many orders today; we are primarily engaging in short-term and ultra-short-term trades, seamlessly connecting long and short positions. Understanding the trend is certainly important, but it also relies on precise control of the entry points.
After the overall trend strengthened during the day, there was a corrective pullback, but it ultimately stabilized above 103500, rising multiple times. This is a continuation of the strong momentum, so in the evening session, we can only follow the trend and go long. However, going long does not mean waiting for a pullback to enter. From a four-hour perspective, the support at 102500 is already showing strong support; waiting for a drop has little significance. If it truly breaks below 102500, going long would also be meaningless, so we should be bullish, and the less the pullback, the better. Furthermore, the four-hour high-level sideways fluctuations continue, and a short-term pullback has already occurred; after the pullback, it will inevitably be accompanied by a rise in the price ratio.
In the evening, Bitcoin is directly long around 103500-102000, targeting 105500. Ethereum is directly long around 2600-2580, targeting 2700. $BTC