Face loss calmly, strive for the inevitable with indifference, and let nature take its course. Only with extreme effort can one deserve extreme scenery. The market today is still dominated by bulls, with the overall trend replacing the consolidation trend with sideways movement. Bitcoin started to consolidate after a lowest retracement to the 117000 line in the morning, leading to a wave of continued stretching, currently reaching a high near 1190000. Ethereum is performing relatively strong and firm today, with basically no retracement actions and continuous upward movement. Compared to the previous few days, the momentum space is still considerable, currently best up to around the 3423 high. From the beginning of the week to this morning, a bullish sentiment has been indicated. In today’s layout, the bullish positions around Bitcoin 117000 and Ethereum 3200 have all hit take profit accurately, with take profits at 119000 and 3350 respectively, gaining a space of 1200 points and 150 points. Old Chen also led the students to benefit from this bullish wave, living up to everyone’s trust.

The four-hour chart uses the middle track of the Bollinger Bands as a lifeline for a wave of upward movement. Currently, it is still in a one-sided bullish trend above the middle track, with a strong bullish candlestick pattern showing consecutive large candles. Although it is said that one should not guess the top during a trend, one must also be cautious of short-term local pullbacks appearing after highs, where high profits may lead to quick retracement for profit-taking. Pay attention to this rhythm. In terms of short-term pullbacks, there may still be slow rises to continue testing highs, with larger fluctuation bases and wider tug-of-war space. The slow rise during the squeeze phase tends to wash out traders; retracing to go long is in line with the trend, while also attempting short positions after testing highs under pressure, with a focus on the entry points. Currently, the operation is temporarily focused on going long, following the trend while maintaining good defense, boldly following the trend.

In the morning, Bitcoin can go long around 118200, with a target focus on 112000.

Ethereum can go long around 3340-3320, with a target focus on 3450. #币安HODLer空投ERA #山寨季何时到来？ #比特币巨鲸动向 #美国加密周 #ETH