The midday rhythm continues to track accurately. We suggest that Bitcoin (大饼) should first look for a rebound continuation to test the 103,000 area. The actual market also rose as expected, testing the high point reaching 102,155, and then slightly consolidated and oscillated above the middle track. During midday, we also provided the current price for a long position at 101,136, and finally exited the trade near 1,020 after the rebound. From this morning's pullback to this round of rebound, we have shared our ideas in advance, capturing the rhythm, with strategies consistently succeeding, naturally boosting our confidence. During this high-level and grinding oscillation period, being able to maintain rhythm and hold onto profits gives us an edge over others.
From the current trend, the hourly chart has continuously formed small bullish candlestick bodies, establishing a short-term bullish engulfing pattern, with a slight upward shift in focus, reflecting that short-term buying is still dominant. After a quick rise following a high-level pullback, a typical upward continuation structure has formed. It is currently stabilizing around 101,800, consolidating with the middle track turning upward, indicating a willingness to further test the upper levels. The Bollinger Bands are slightly narrowing, with resistance above to be watched in the 102,700-103,000 range. If a breakout occurs with increased volume, it may further open up space. Ethereum (以太) is also oscillating upward, currently holding steady at 2,220, with a slightly stronger trend and a gradually stabilizing structure, presenting another opportunity to challenge the upper high point of 2,290.
Bitcoin long positions from 101,300 to 100,800, targeting around 102,700. Ethereum long positions from 2,230 to 2,220, targeting around 2,290.