Since early this morning, the price of Bitcoin has shown a one-sided upward trend. At noon, the price of Bitcoin refreshed its recent high, reaching a peak of around 111,871 before pausing. Currently, the market is experiencing a slight pullback, running near 111,000. Ethereum has also made a strong move today, showing a slight increase and is now running above 2,600. If you find yourself truly lost and confused, it might be better to find a guide for yourself.

At present, Bitcoin remains in a high-level consolidation. The strategy remains as previously mentioned, continuing to look upward. From the pattern perspective, it can be confirmed that the current pullback is not a reversal. After repeatedly confirming bottom support, the overall market may welcome another round of upward movement. The support at 109,500-111,000 has held strong, and the chances of a downward movement in the short term are low. Additionally, from a macro perspective, there are currently no conditions for a pullback, and the strength of the bulls is still very apparent. In the future, we will continue to participate with a low-buy strategy.

Trading Suggestions

Long Bitcoin at 109,600-109,800 Target 112,000

Long Ethereum near 2,600 Target 267,096,311,035,891