Monday Morning Thoughts, Latest Analysis of Bitcoin and Ethereum Market
Looking back at the real-time market around midnight yesterday, it fell to a low near 103300, then rebounded to a peak near 105300. Over the weekend, we repeatedly mentioned the strategy of high selling and low buying within the range. Friends who followed this strategy have gained quite a bit, realizing nearly a thousand points in profits. Currently, the market is fluctuating around 105100. This morning, we continue to recommend the high selling and low buying strategy.
From the four-hour chart, there have been consecutive appearances of large bullish and bearish candles. Whether the bulls can stabilize around the 105000 level is key. Technical indicators have returned to a unified upward trajectory. After the market adjusts at high levels, there is still potential for intraday upward momentum. On the hourly chart, the market has formed a significant V-shaped structure, with clear signs of a rebound after rapid rises and falls, as all three tracks are ascending. In the short term, after a slight pullback, the market resumes its upward movement.
Big Coin 104500-104000, Target 106000
Ethereum 2410-2400, Target 2550
