After a technical pullback following the evening price surge, it does not affect the continuing strength of the bulls, especially as the market has been consistently climbing throughout the afternoon. Bitcoin stabilized from the lowest point of around 109194 and rose to a maximum of around 110265; Ethereum stabilized from the lowest point of around 2567 and rose to a maximum of around 2618. Our positioned Bitcoin long was initiated at 109194, and we exited at 110112, securing a profit of 918 points. The Ethereum long was initiated at 2567, and we exited at 2611, securing a profit of 44 points. The market is indeed favorable for trading; if one cannot make substantial gains in this environment, then it is time to follow Old Tang's steps closely.

Bitcoin and Ethereum have both shown the same pattern. From an overall market performance perspective, there is a clear upward trend currently. Given the market's repeated tug-of-war characteristic, it is advised not to blindly short at high levels. Instead, wait for the price to stabilize after a pullback before seizing opportunities to go long, especially paying attention to changes in the evening's fundamentals, closely tracking market dynamics, and flexibly adjusting thoughts and strategies based on actual conditions to better face potential market fluctuations. From a four-hour structure perspective, after a brief pullback action, we will see if Bitcoin can effectively stabilize around the 110000 mark. It is recommended to still buy on dips while maintaining good defenses, as the bulls continue to push higher after reaching 110000.

Bitcoin: 109800-109300 long, target around 111800

Ethereum: 2610-2580 long, target around 2700. $BTC #BTC重返11万