Grasp the market structure and patterns well; there are opportunities everywhere. The big pie started to experience pressure and fell back after reaching 106800 in the morning, failing to form an effective breakthrough. In the afternoon, there was another wave of upward movement, but the second push also seemed a bit fatigued, clearly indicating a lack of upward momentum. The price comparison still needs to undergo a pullback correction to build energy. Combined with recent patterns, when we experienced the second pressure and fell back, we decisively positioned ourselves to short near 106291 and waited to exit near our long entry point at 105065, securing a profit of 1226 points. We also reminded everyone of the risk of a high pullback pattern in the afternoon. Given the large fluctuation base, it is particularly important to grasp the entry points and have a solid understanding of the structure. Did everyone manage to catch the strength of this pullback?
The daily structure of the big pie has formed a stepped upward trend. After stabilizing from the previous low of 74457, it has currently risen to a high of 107144. This round of upward movement has already reached over 32000 points of space, surpassing the previous bull market. Because this round of the bull market is still ongoing, every time there is a peak, there will be a pullback. Even when the previous pullback reached 5000 points, it was merely due to the large fluctuation base, which intensified the strength of the pullback. The price comparison has also rapidly recovered again. Where this bull market will ultimately go, we will see; from the 4-hour chart, after completing the recovery, the price comparison has not stabilized above and has given another pullback. In the case of slightly insufficient momentum, it still needs to undergo a corrective consolidation to build energy for future upward movements. From the 1-hour chart, today’s white pie pullback did not break below yesterday’s pullback low, which is near the 1040000 mark. This is also the defensive point for going long today. A break below will deepen the pullback strength, at which point we will re-enter according to the structure. Currently, the upward trend remains unchanged, and evening operations will still focus on going long at lower points.
In the evening, the big pie can be bought at 105000-104500, with a target near 108000; Ethereum can be bought at 2530-2500, with a target near 2650.
