The market is not unsuitable, and the trading platform is not weak. The problem lies in our wrong position and direction. Once we realize the mistake, we should correct it immediately. The market on Friday saw a slight pullback during the afternoon session, after hitting a low point around 104185, the bulls welcomed a fluctuating rebound. In the afternoon, there was a strong rally, peaking at around 106486. Ethereum, after pulling back to a low point of 2502 in the afternoon, also experienced a stretch, currently reaching a high of 2568. In the morning, a short position was established around 104700, which took a small profit of 500 points before exiting at noon. In the afternoon, a short position was still given, with Bitcoin’s short position around 105000 losing 600 points, while Ethereum’s short position around 2545 continues to be held. The futures market does not have a fixed direction. Reasonably controlling the market fluctuations and making the most correct choices is the fundamental way for us in this circle to lead our students to go further.
From the current market perspective, the daily chart showed a doji candle this morning. Today, the bulls broke through yesterday’s rebound high, forming a short-term breakout. The daily chart has once again recovered above the middle track, which is also the key area we have mentioned multiple times, 106000-106300. The 4-hour chart is strongly rising, with a large bullish candle breaking through the middle track and continuing, slightly under pressure after touching the upper track. The short-term moving averages are turning upwards. This evening, we still need to pay attention to the region around 105000-105500. If we stabilize above this region, it means the bulls are truly returning. Currently, the expectation for a short-term pullback is low, and there has not been a rapid surge followed by a decline. Fortunately, the short-term bulls are performing relatively strong, and evening operations should focus on buying on pullbacks.
Trading Suggestions:
On Friday evening, buy Bitcoin around 105500 directly, with the initial target focusing on 107200-108000.
For Ethereum, buy around 2520-2530, with the initial target focusing on 2620.
