The bull market has surged again, Bitcoin is once again experiencing a frenzy. In the morning, the price retreated to a low point around 103200 and stabilized, rebounding to a high point around 107100. The bullish trend momentum is strong. Ethereum also follows the same trend as Bitcoin, retreating to a low point around 2312 and stabilizing, then rebounding to a high point around 2513, reclaiming more than half of the previous losses. Our strategy last night to short Bitcoin and then go long resulted in a total gain of 4000 points, while Ethereum gained 100 points with one trade. The market is performing well, and the strategies were all disclosed in advance. If you can't keep up with this, then there's nothing more to say.
From the current market perspective, Bitcoin's daily chart has formed a double top structure again, with the price rising and then falling back. This is clearly a consistent pattern: after a violent surge, there is a retracement. Currently, the price is also consolidating at a high level. After a horizontal consolidation on the four-hour line, there is a stepwise upward trend, with intense back-and-forth battles between bulls and bears. The volatility base is too large, which increases the space for movement. A slow rise to squeeze the shorts is also a common washout rhythm. Currently, the retracement to go long is in line with the trend, and while following the trend, one must also ensure proper defense.
Bitcoin can be bought around 103000 in the afternoon, aiming for 105000, while Ethereum can be bought around 2350, aiming for 2460. #比特币 $BTC