Good evening everyone, today's market has already passed the halfway mark. The price of Bitcoin surged to around 110,653 after opening strongly in the early hours of today and has maintained a high level. Subsequently, the price began to retrace in the morning, experiencing a series of downward trends but with minimal retracement. In the afternoon, the price started to oscillate with slow small gains, indicating further momentum for a gradual upward extension; our intraday position for Bitcoin shorts is also actively participating in the strategy. Whenever the price offers a certain retracement, it presents an opportunity for us to buy. As long as we follow Brother Nan's approach to participate in the market, achieving significant results is not difficult.
From the daily chart of Bitcoin, the consecutive daily gains have reclaimed the territory lost during previous declines, and it has tested the 110,000 mark again, closing at a high level. The probability of breaking through the price level has increased, and the current daily structure is causing the moving average indicators to turn upwards, forming support. The daily structure is beginning to shift towards a bullish trend; from the 4-hour chart of Bitcoin, the price makes a strong upward movement, followed by a retracement, and then begins to stabilize; from the 1-hour chart of Bitcoin, the price reaches a high and then closes lower. If a double doji candlestick pattern forms, it will increase the adjustment space, and currently, the price is still consolidating and correcting at a flat level. All retracements are intended to build momentum for future upward movements, and the price still has the potential to rise further.
Tonight, Bitcoin can be bought at 109,500-109,000, with a target around 111,000. Ethereum can be bought at 2,760-2,730, with a target around 2,860.