After two days of continuous sideways fluctuations, today presents an overall downward fluctuation, not providing much space for bulls. The lowest price reached 101600, while Ethereum's lowest point came to around 2513. After a sustained decline, the breakdown is not a strong continuation but rather a fluctuation, suggesting that those looking to go long should wait for a proper pullback before entering. We are still holding our positions for the medium to long term after averaging down, while short-term operations have already exited with losses. In this kind of market, if the short-term strategy goes wrong, timely adjustments should be made without dragging it out. Although we have encountered setbacks, it is also quite normal; everyone makes mistakes occasionally, and setbacks are not common. We should maintain an optimistic attitude and seize every wave of the market well.
From the current market perspective, after previous declines, the market has not continued downward but has maintained a sideways fluctuation, with every wave of the market followed by sideways consolidation and accumulation. Regarding the current fluctuation rhythm, we still look to buy on the rebound, after all, the market will not always be in a pullback or sideways trend; it will eventually show a one-sided movement again. Overall, the current trend structure is exhibiting a sideways upward recovery, just pausing here after the pullback. It can be seen that even if there are pullbacks, they have not formed a continuous downward trend; the overall larger trend structure still mainly views the bulls as the primary structure. Therefore, we can continue to maintain the strategy of waiting to enter long positions.
On Thursday afternoon, Bitcoin is around: 101500-101000, buy, target 104500; Ethereum around 2540-2520, buy, target 2660$BTC .
This morning to noon, Bitcoin showed a rebound followed by a pullback. After Bitcoin reached a high point around 103800, it began to pull back for correction at noon, currently the lowest pullback has reached a short-term support level around 102700. Ethereum surged to 2646 points in the morning and also provided some pullback correction space, currently the lowest pullback has reached around 2565. The overall pullback space is limited and aligns with expected corrections; currently, the bulls remain strong despite multiple pullbacks without substantial breakdowns, maintaining a bullish outlook in the short term.
On the daily level, Bitcoin has continued to close with two consecutive bearish candles. The Bollinger Bands are beginning to enter a contraction phase with little change in the range, and the price is fluctuating back and forth within a small range. While the short cycle is relatively strong, the bullish momentum is insufficient, creating a build-up rhythm. However, the 4-hour level is entering a pullback correction, and the rhythm will go through repeated changes, which is not a strong one-sided movement. Accompanied by a pullback and a slow upward trend, for the bulls to break through again, a correction and adjustment will be necessary to gather enough momentum. Therefore, for Thursday's operations, the focus will still be on buying the dips; we will look for pullbacks before entering long positions.
On Thursday noon, buying Bitcoin around 102500 is recommended with a target of 105500. For Ethereum, buying around 2555-2535 is recommended with the initial target of 2680$BTC
The intraday volatility space remains oscillating, with the overall volatility space centered around the upper line of 104000 and the lower short-term support line of 102500. The price fluctuations at midnight are not significant, peaking at the line of 103800 and dropping to the line of 102500. There is still a need for correction in the short term. Such volatility space during the day is relatively easy to grasp, whether for short-term or medium to long-term positioning, the overall potential gains are quite considerable. In the early morning positioning, we suggested entering long after the price retraced to the line of 102600, and then after it surged to the line of 103660, we advised exiting, perfectly capturing a space of 1060 points. For Ethereum, we suggested entering around 2550 in the early morning, and after it surged to around 2617, we advised exiting, capturing a space of 69 points. This kind of market can only be described in two simple words. A precise strategy combined with accurate entry points makes it easy to seize the opportunity.
From the current market perspective, the price is under pressure and retracing but has not continued to move lower to form a rebound. It is currently operating in the middle to upper track area, with bullish volume decreasing to maintain price consolidation, and the operational channel is in a flat state. The moving averages show a crossing arrangement, and in the short term, there is still some oscillation correction, maintaining a bullish retracement momentum. In the four-hour level chart, the operational channel is in a state of downward pressure, with the price recovering and moving higher under pressure from the upper track, but it has not led to a downward trend. The volume is expanding in a bullish manner, and the moving averages are consistently rising in a curved manner. The short-term upward stabilization highlights the weakness of bearish resistance, and the space is not being released. In the upcoming strategy, we will focus on low long positions.
Thursday morning operation suggestions: Bitcoin: 102800-102400 Long Target focus on 105500 Ethereum: 2565-2545 Long Target focus on 2680$BTC
Every strong person has gritted his teeth to get through a period of time when no one helps, no one supports, and no one cares about his well-being. If you get through it, this is your coming-of-age ceremony. If you can't get through it and beg for mercy, this is your bottomless pit. It's the weekend again, and a brand new beginning is waiting for us to challenge. Bitcoin surged to 104949 in the morning today, and then maintained a small range of fluctuations during the day. Ethereum's trend is consistent with Bitcoin. After rising to 2724 in the morning, it went out of the oscillating downward pattern during the day. There is no obvious unilateral trend in the short term, and today's thinking is also to continue to treat it with low and long! The market fluctuates slightly in the range, and both long and short positions have realized the opportunity to take advantage of it! As the midnight price ratio stabilizes again at 103000, it is recommended to continue to treat it with low and long thinking in subsequent operations. There is no need to say more about strength, which is proved by actual actions. Liansheng is also continuing, and you can read the previous blog posts for yourself.
From the perspective of the market trend, the overall daily price is still in a high consolidation trend, and the daily moving average continues to diverge upward. As we said recently, the medium-term outlook remains bullish, and the long-term bullish guidance is maintained in operation. The hourly level shows that the short-term price of the currency has stabilized again below the hourly moving average pressure level price after a short-term high-level high-level high-level low ... Early morning operation suggestions: Bitcoin: 103200-102800 long target 106000 Ethereum: 2560-2530 long target 2680$BTC
The market is like a great river, turbulent and never-ending. Every trader is like a person sailing in this river; only by going with the flow can they reach their destination faster. However, going against the current not only consumes more energy but also poses the risk of capsizing. The market is ever-changing, and an excellent trader must have keen insight to capture every subtle change in the market. However, when they ignore market trends and act independently, they are often swallowed by the market's giant waves.
The overall trend during the day remains in a narrow range of fluctuations. After rising to the 104949 line in the morning, it also experienced a pullback due to resistance from above. Ethereum entered a narrow range of fluctuations after rising to the 2738 line in the morning. Overall, we have not placed many orders today; we are primarily engaging in short-term and ultra-short-term trades, seamlessly connecting long and short positions. Understanding the trend is certainly important, but it also relies on precise control of the entry points.
After the overall trend strengthened during the day, there was a corrective pullback, but it ultimately stabilized above 103500, rising multiple times. This is a continuation of the strong momentum, so in the evening session, we can only follow the trend and go long. However, going long does not mean waiting for a pullback to enter. From a four-hour perspective, the support at 102500 is already showing strong support; waiting for a drop has little significance. If it truly breaks below 102500, going long would also be meaningless, so we should be bullish, and the less the pullback, the better. Furthermore, the four-hour high-level sideways fluctuations continue, and a short-term pullback has already occurred; after the pullback, it will inevitably be accompanied by a rise in the price ratio.
In the evening, Bitcoin is directly long around 103500-102000, targeting 105500. Ethereum is directly long around 2600-2580, targeting 2700. $BTC
The pullback in the daily structure can also be regarded as a correction, so the short-term structure still leans towards a strong continuation trend. Although it has declined, it has stopped at a low point. However, under the expectation that the pullback will not be significant, there is still the possibility of further increases in the short term. The middle track serves as the current support in the daily structure, and from a short-term perspective, it remains effective. Although there was a brief breakout in the four-hour timeframe, it also stopped immediately afterward. The current correction is part of the bullish advance; there is no bullish trend without any decline. The continuation of the bullish trend inevitably requires a pullback correction from the bears as support, so all current pullbacks should be viewed as corrections in the bullish upward process.
In the afternoon, the big coin is directly long around 102600-102000, targeting 105500. The ether is directly long around 2580-2560, targeting 2700. #美国加征关税 $BTC
No tricks, just solid strength. The ideas provided in the early morning all reached their profit targets as expected. The price comparison again gave a strong rise, with Bitcoin once again challenging the 105,000 mark, reaching a high of 104,949. Ethereum's early morning performance appeared even stronger, with a surge directly breaking the 2,700 mark, peaking at 2,738. Before the price comparison rose, we had already given the hint for going long. Therefore, in the early morning's trading, we all took profit as expected. Bitcoin's long position was set at 103,697, and we advised to exit at 104,851, perfectly capturing a space of 1,154 points. Ethereum's long position was indicated around 2,580, and upon rising to 2,720, we advised to exit, perfectly securing a space of 140 points. Since the early price comparison started to rise, our thinking has consistently revolved around bullish layouts. Overall, whether in terms of ideas or adjustments during trading, we can only say that we have a thorough understanding of the market.
Analyzing from the current market situation, as the downward spikes continue to rise, the bulls have slowly reclaimed most of the territory. While reclaiming, the pullback strength is also gradually diminishing. Although the short-term operation is in a wide range of fluctuations, the larger direction still returns to bullish. The short-term upward movement, although pressured and pulled back, still has support below. Currently, the price comparison is running at the middle track of the Bollinger Bands, showing signs of upward continuation, combined with the upward elevation of the lows. The 4-hour bullish consolidation is waiting for further upward movement, currently in a tug-of-war oscillation rhythm within the range. The continuity of both long and short is not strong. In the short term, it is expected to rebound from the lower track to the middle track, with potential for a pullback to the upper track. Structurally, it leans towards a rebound.
In the afternoon, Bitcoin is directly long around 103,300-102,800, looking towards 105,500. Ethereum is directly long around 2,620-2,600, looking towards 2,750. $BTC
There is no dead end in life, as long as you face it bravely, difficulties can turn into opportunities. Believe in yourself, you can create your own brilliance. The midnight price surged above the 105000 mark, continuing the upward trend from the early morning, and during the morning it retraced to around 103795, forming another retracement. Ethereum, however, has been strong all the way, coinciding with our analysis, peaking at 2738 during the midnight surge. Overall, the momentum for the surge is strong, while the retracement momentum is weak. Currently, the price remains in a high-level consolidation. At midnight, we indicated to enter a long position when the price retraced to around 103600, and when the price surged to around 104500, we indicated to exit, resulting in a perfect gain of 1154 points. Ethereum signaled a buy near 2580 in the early morning and exited near 2720, achieving a perfect gain of 140 points.
Looking at the current market situation, the trend has introduced some volatility, but it still cannot change the strength of the bulls. The daily line closed with a bullish candle, recovering the retracement space of the previous few trading days, indicating that in the short term, there is still a need for correction. In the four-hour line, the bearish momentum has basically ended, and the next wave of increased volume still needs to gather momentum, while the candlesticks continue to decline, indicating a resilient downtrend. The retracement yesterday dropped to 100600, which provided a rebound, bringing the price back to its appropriate height. The lack of further downward testing also indicates that there is still some bullish momentum in the market, waiting for the bulls to gather momentum before continuing to look for bullish recovery. Morning operation suggestions: Bitcoin can be bought at 103600-103000, with a target near 105500. Ethereum can be bought at 2655-2635, with a target near 2780.
No matter how big the stage is, if you don't go on stage, you will always be just an audience member. No matter how good the platform is, if you don't participate, you are merely an outsider. No matter how strong your abilities are, if you don't execute, you can only wish others success. No matter how good the market conditions are, if you don't enter the market, it is just an illusion, a dream. Last night, the price comparison continued its upward trend, with an overnight surge providing more than 1000 points of upward space, reaching a peak of around 104365. This perfectly validated our bullish strategy provided in the evening. Although there was a pullback afterwards, we regarded it merely as a correction. Once the correction ends, we still maintain a bullish outlook. After we made a profit of 4394 points from the long position during the day yesterday, the overnight momentum again favored long positions. We suggested entering long on Bitcoin at around 103300 and on Ethereum at 2559. Subsequently, as the market surged, we suggested exiting Bitcoin at around 104300 and Ethereum at 2600. We secured a profit of 962 points on Bitcoin and 41 points on Ethereum. Currently, from the market perspective, a pullback does not change the current trend. As the bulls continue to exert strength, we will maintain our bullish strategy.
The price comparison has consistently maintained a pattern of probing higher and then pulling back. From the current structure, although there has been a slight pullback at the high levels, do not change direction due to short-term pullbacks. Many people see the market drop and immediately think it has reversed, hastily going short, only to find that the pullback doesn't sustain and they end up losing when it rebounds again. Additionally, many people start to guess the top and go short at this time, thinking that after such a significant rise, it should be time to drop and that it won't rise much further. Little do they know, the market does not change direction based on their feelings. Before there is a clear reversal, one should maintain the trend structure; otherwise, they will pay a price for it. The greater the pullback strength on the four-hour chart, the more determined and confident we are in our bullish outlook. The overall upward range will not change the entire trend due to this minor pullback. Pay attention to the short-term strength and weakness of both long and short positions, and find the right entry points. In terms of operations, we continue to focus on low long positions and look upwards.
Overnight trading suggestions: Bitcoin can be bought at 103500-103000 with a target around 105000. Ethereum can be bought around 2580-2560 with a target around 2700.
The price comparison has maintained a rebound and a rising K-shape today, with the daily K-line interspersed in the middle-upper range. The break below 100600 has not been strongly sustained, and the short-term small bearish line shows signs of a pullback to test lower support. Currently, the key low point to watch is the 100600 level. Tonight's news also did not have a strong bearish breakthrough. In a strong market, it is common to pull back the same day and recover, while the morning's reverse drop closed at a low, making the short-term bullish momentum not strong. It remains a circuitous and volatile situation. After a short-term drop, pay attention to whether there can be a quick dip and recovery to regain lost ground. The 4-hour chart shows consecutive bearish lines dropping back above the 103000 level; after breaking the high point of 103800, it has not shown a strong upward trend. Short-term fluctuations are still circuitous and volatile. After the drop, the small cycle indicates that a pullback confirmation may occur first. The midnight market fluctuations may not be too large, so pay attention to the strength conversion between long and short positions, and find good entry points. In operations, continue to focus on buying low and look up.
The market from noon to evening has been steadily stabilizing and rebounding, with the price returning to the low level of 101400 and stopping before the bulls began to gradually recover, rising until the evening when the price peaked at 103900. Ethereum mirrored Bitcoin's trend, bouncing back from the lower level of 2414 in the afternoon and also recovering in the evening, reaching a peak of 2548. During the afternoon, we placed a long position for Bitcoin at 102241, and in the evening, it rose to 103904, indicating an exit, yielding a profit of 1663 points. For Ethereum, we placed a long position at 2443 in the afternoon, which rose to 2538 in the evening, prompting an exit. If you are unsure, you can come over at any time to learn and exchange ideas.
From the current structure, it appears that within a small cycle, the coin price has entered an adjustment trend after a high followed by a drop, and at present, the correction is taking place in a price correction trend, while the pullback is also limited. This can also be understood as a method of accumulation for the bulls, as the upper space is relatively sufficient. As long as there is no deep pullback or consecutive reverse movement in the short term, it is not enough to form a reversal. For the future, we still treat it as accumulation, and after the pullback and accumulation are completed, the coin price will again welcome a rise, as the market still looks positive for the bulls to break through the recent highs.
Operation suggestions: On Tuesday evening, for Bitcoin, direct longs can be placed near 103400-103000, with a target focus on 105500. For Ethereum, direct longs can be placed near 2520-2500, with an initial target focus on 2650. $BTC
Change to seize the opportunity, act to win the world, have a keen eye on the market, think wisely about one's own steps. When the mountain doesn't move, the water moves; when the path is blocked, people change. A crisis is not scary; what is scary is not changing. Today's positioning determines tomorrow's status, and today's pattern will affect tomorrow's outcome. The market is once again in a tug-of-war between bulls and bears at noon, with the price falling to the 100678 line in the early morning and then quickly rebounding to recover the high at around 103000. The bulls quickly recaptured the space below, and the market has stabilized at around 102500. We set a short position at the 102900 line this morning and suggested exiting at the 101751 line, achieving a gain of 1149 points. Ethereum suggested entering a short position at the 2494 line and exiting at 2420, perfectly capturing a 74-point gain. Overall, we follow the trend to make arrangements. This is the charm of the trend; our views and thoughts are very clear, and we just need to directly feed you the results. The overall market rhythm and expectations are basically consistent with our thoughts, and the intensity is just right. I don't need to boast about myself; my strength has always been there. If you trust me, just act; if you don't, just watch. Simple principles are understood by those who understand.
From the daily chart, after the market declines, it starts to rebound at the support level without breaking down, indicating that a bottom is slowly forming below. However, the overall market volatility is still large, and there will be a process of repeated repairs and adjustments. Based on the current trend, the pullback is small and does not break the support, indicating further upward movement is needed. From a technical structure perspective, the four-hour level is in a triangular end oscillation, and the market's bullish and bearish movements have not continued. The daily K-line has multiple upper shadows, indicating strong resistance above, but the downward force is also not strong, leading to fierce competition between bulls and bears. There is a short-term need for adjustments, and the market will choose to push higher again. For now, we still maintain the strategy of buying on dips. Noon trading suggestions: Bitcoin: 102200-101800 Long Target focus on 104500 Ethereum: 2420-2400 Long Target focus on 2550$BTC
Good morning to you in front of the screen. A beautiful day starts with beautiful things. If you are anxious, take a walk outdoors; if you feel repressed, take a turn outside. Live towards the sun, thrive in the sunlight. The market on Monday experienced a significant drop in the early hours, touching the low level around 100670. After a brief correction at midnight, it unexpectedly rebounded again in the morning, reaching a high of around 102800. This perfectly verifies the ideas we provided earlier at dawn, where we suggested going long directly at the 101000 level. The market validated this perfectly, and the secondary target of 102500 was also perfectly reached. In the morning's analysis, we continued to follow our strategy, suggesting to go long near 101000 and signaling to exit at 102500, achieving a gain of over 1500 points. We also suggested going long around 2460 in Ethereum, which we are still holding onto. After a short-term correction, there is currently no significant one-sided trend appearing in the market. Given this kind of trend, we will continue to maintain a high short strategy. The future market may move slowly, which will test our patience.
From the current weekly K-line structure, the next round of the downtrend is still not complete. Although the bearish energy bars have decreased, the bullish energy remains insufficient, indicating further demand for a decline in the future market. The daily line shows a clear series of consecutive declines, with a relatively deep drop in the short term, and a continuous breaking of the bottom. After this round of decline, there has not been a quick rebound, and the weak structure has not changed significantly, with the rebound not providing much recovery space; it is currently in a weak consolidation phase. Although there has been a short-term stop in the downtrend after continuous weakness in the 4-hour chart, the downtrend remains unchanged, and the market is still in a weak structure. Therefore, the current fluctuations do not represent a structural change; the market remains in a weak structure, so we can consider taking a short position for now!
In the morning, we will focus on shorting directly between 103000-103500, initially looking at 100000. For Ethereum, we will short directly between 2500-2530, initially looking at 2400$BTC .
5.13 Tuesday early morning Bitcoin Ethereum trading ideas and strategy analysis
Some market conditions, when looking back, turn out not to be that difficult; the challenge lies in the restless heart during holding positions, and the fear stemming from trading that brings about inferiority. From the core, fearing losses leads to what you fear coming true. When you learn to take things half seriously and half lightly, profits are merely the natural reward for doing the right things! Looking back at the market, yesterday afternoon after a surge to the high point of 105800, it did not stabilize but rather provided a certain amount of pullback space. The midnight low fell to around 100678. In the short term, there is also a downward space of over 5000 points. However, on the whole, there has been no significant change in the overall structure, and the price comparison continues to run above the high point. We still regard the short-term pullback as a correction. It has been mentioned multiple times that there is no such thing as rising without falling. We still look forward to the bulls pushing higher. In the evening, amidst the trading, our long positions also exited with minor losses. Acknowledge mistakes; fortunately, we managed to stop losses in time and kept the losses within a reasonable range, which is something we can accept.
Currently, the rhythm has formed a volatile trend, with Bitcoin's daily line closing with a bearish candle, but the bulls are still operating above the middle track. However, the upward rhythm has been interrupted in the short term, and the price rebound is gradually weakening, with resistance moving downwards. The overall trend is starting to weaken. From the current technical perspective, the short-term low-level continues to oscillate; if the short-term low-level support holds, then we still view the oscillation as a rising trend. Thus, in the short term, we are optimistic about a rebound. As long as the low-level support is maintained, the bulls still have certain space in the future. After all, the market will not always move in one direction; after providing a certain pullback, it will surge again. Overall, the trend structure itself shows strong performance, with only a short-term surge followed by a pullback. Currently, after the pullback, it has stopped and has not formed a continuous downward movement. Therefore, leveraging the larger trend structure, we still view the main structure as bullish, and staying at key support positions during the day continues to indicate a sustained upward trend.
Early morning, Bitcoin around 101500-101000 go long, aiming for 104000. Ethereum around 2430-2400 go long, aiming for 2550.
Bitcoin: 96200-95800 Long Target focus 98300 Ethereum: 2700-2680 Long Target focus 2830 $BTC
Time is like a ruler, measuring the progress of those who strive, and it is also a scale, weighing the achievements of those who struggle. Life should not be too bland; a dull and flavorless life inevitably misses the joys of existence. If life is an ocean, then we should anticipate the crashing waves; the journey on the shallow waters will never reach the beautiful shore. The evening market is at a critical juncture of long and short battles, with the evening big cake once dipping to the 102345 line and the aunt dipping to the 2478 line. However, it is currently also in a range consolidation mode. In the evening, we expect a pullback to enter long positions. The long position we hold has undergone a series of averaging down, and the current average price is around 102800. The average price of Ether is held around 2515.
The evening's pullback seems to be a signal for a bearish reversal. After a continuous rise, the momentum for price increases has weakened. After a wave of downward movement in the evening, the bulls have currently stopped at the lower support line, and there are signs of a halt in the decline. Regarding the current pullback, we can treat it as a corrective phase; correction is a process of accumulating energy, and after effectively constructing a new support platform, we can initiate a new rise. There are no longs that only go up and no shorts that only go down. This wave of pullback in the market is also to build momentum for the bulls' subsequent rise, and we still maintain a bullish outlook in the evening.
Bitcoin: 102000-101500 Long Target focus 104500 Ethereum: 2460-2440 Long Target focus 2560$BTC
Looking back at today's market, the bulls are still strong, and the price comparison has once again refreshed recent highs, reaching the 105863 level. Ethereum is also similar, following the price trend and refreshing recent highs at the 2624 level. During the day, we provided clear guidance on the orange strategy, giving a buy signal at the 103700 level during lunch, and a sell signal at the 105800 level, which successfully realized over 2000 points of profit. For Ethereum, we provided a buy signal at the 2490 level and a sell signal at the 2617 level, realizing a profit of 127 points. Are you still regretting not keeping up a few days ago? While you are regretting, you see others celebrating. In fact, it's never too late, and Old Chen always welcomes everyone to communicate and learn.
Technically, there isn't much to say; the structure remains the same. Whether from indicators or across different levels, the upward trend is still maintained. The price is still undergoing time correction, and this kind of movement will not give much room for retracement, and the lower lows will not easily break. Therefore, those who are mainly bearish can be assured. The recent upward trend is still maintaining well. Short-term fluctuations within the range are also quite normal. Overall, it still appears to be in an upward trend. As the market moves higher, the adjustment momentum weakens, and the upward amplitude will become larger. Therefore, I still suggest that everyone focus on buying on dips.
Operating advice: In the evening around Bitcoin: 104000-103500 Buy Target focus 106000 For Ethereum around: 2525-2500 Buy Target focus 2630$BTC
The market conditions from noon to the afternoon continue to align with expectations. After a downward probe in the afternoon, a strong rebound was formed. Bitcoin began to rebound after stopping at the noon low of around 103700, and in the afternoon it made a second push, rising strongly, currently reaching a high of around 105863. Ethereum, after stopping at the low of 2484, started to stretch upward, synchronously rising in the afternoon, currently reaching a high of around 2624 in the afternoon. After the market retraced and stopped at noon, Old Chen decisively positioned himself for a long entry, with Bitcoin around 103700 and Ethereum near 2490 indicating long positions. In the afternoon, the expected profits were realized, with exits indicated near 105800 and around 2610, Bitcoin gaining 2000 points of space and Ethereum capturing 120 points of space.
On the four-hour timeframe, the tail step is rising, and the current movement remains strong. However, this wave has a larger space release, and the future will be accompanied by winding oscillations, with a step-back approach that will enlarge the fluctuation base, continuously creating new highs, while also accompanied by rapid pullbacks after local highs. Overall, it has temporarily maintained a small step oscillation with a slow rise for recovery. For the bulls at this moment, there is no highest point, only higher points; do not underestimate the bullish momentum just because it has risen high. Every retracement is an opportunity for bulls to enter. Today, we continue to maintain a bullish rhythm. In terms of the current market, every rise followed by a new high has become a norm, with corrections occurring. The pullbacks often give hope to the bears, but in reality, they are just normal adjustments for accumulation. Today, maintain good defense, boldly hold long positions, and continue to stabilize with retracements. Operation suggestion: On Monday afternoon, Bitcoin can be bought between 104000-103500, with a target of 106000. Ethereum can be bought near 2500, with a target of 2600-2650.
On the daily structure, as the market once again strongly breaks higher, the continuous structure of consecutive upward days is being maintained. According to this cyclical pattern, we continue to expect upward closes throughout the day. Currently, the market still maintains an upward momentum, just that the short-term trend has shifted from a rebound from a low position to a rebound within the ongoing movement, accompanied by consolidation and pullbacks for accumulation. The morning pullback above 103500 is still within the defense of the minor cycle's next low point. In terms of specific layout, we still adhere to our consistent bullish approach, directly entering long positions around 103500, continuing to look for higher breaks. The 4-hour chart uses 102000 as a stepping stone in the upward channel, fluctuating upwards. The 4-hour pattern still looks bullish. Today's operation at the next low point is a critical point, with the breakout point being the support level. Last night's closing was at a high position, so today is highly likely to continue moving higher. Although the upward space is not much at the moment, breaking higher is only a matter of time under continuous testing.
In the afternoon, Bitcoin is directly long around 103500, looking up to 105000. Ethereum is directly long around 24600, looking up to 2580. $BTC
In recent days, the outlook has remained bullish, and the price comparison has steadily increased. As the fluctuation range widens, the upward momentum of the market remains strong, repeatedly testing the 105,000 mark. Although each attempt at a high is accompanied by some pullback space, the overall trend structure shows no significant changes, and the pullbacks merely lay the groundwork for subsequent highs. In the morning, after the price comparison pulled back to the 103,500 line, it surged again to break through the 105,000 line. After Ethereum pulled back to the 2,481 line, it also provided a certain rebound space, reaching the 2,548 line. In the morning, the bullish position at 103,500 was suggested, and it rose to the 105,000 line, gaining 1,500 points. Ethereum was suggested to go long at the 2,480 line and exit at 2,540, gaining 60 points. No one will pay attention to your process, but many will pay attention to your outcome.
Since April, the overall market has established a technical structure of oscillating upward, with bottom support levels continuously rising, and the upward trend becoming increasingly solid. With prices consecutively breaking through key resistance levels, the cryptocurrency market has officially entered a bull market phase. Bitcoin has broken through the previous downward channel's suppression and has stood above the 105,000 mark, leading to heightened market expectations for its challenge of historical highs, with Ethereum closely following and successfully returning to a bullish stance. On a weekly level, Bitcoin has formed five consecutive bullish candles, with last week seeing a strong bullish candle that inevitably closed high, and this week is likely to continue this trend. Currently, it is too early to look bearish, and the 110,000 mark will certainly be tested. In the short term, the four smaller time frames are experiencing continued oscillation at high levels, with alternating bullish and bearish movements, limited pullback space, and still within a strong bullish trend.
Operational Suggestions On Monday morning, Bitcoin can be bought near 103,500, with a short-term target of 105,000-106,000. This week, the mid- to long-term target can be a breakthrough at 108,000-110,000. Ethereum can be bought at 2,460-2,480, with a short-term focus on the breakthrough situation at 2,600. This week, the mid- to long-term target can be a breakthrough at 2,800-3,000. $BTC
The market is ever-changing, and the trends are unpredictable. Various traps constantly emerge to take advantage of the situation. One often walks by the riverbank; who doesn't get their shoes wet? If one accidentally falls into a trap, it's crucial to extricate oneself in a timely manner rather than sinking further in. Early morning price comparisons rose again, reaching the upper high point around 104800, leading to a correction. Ethereum followed the price trend, peaking at 2527 in the early morning, followed by a slight pullback. However, this hasn't changed the current strong structure; the price comparison remains in a high-level fluctuation, with little room for decline in the short term. This has developed into a very strong trend structure. The strategy presented in the early morning was very clear: in this market, one can only go long; shorting is completely off the table because there's no significant pullback. Currently, we are back to a correction phase, which is actually easy to understand. After the price comparison rises, it will certainly first enter a consolidation phase, and consolidation is the best opportunity to seize low buys.
From the current market perspective, Bitcoin has shown a very strong increase recently, breaking through upper resistance points multiple times. Previous obstacles seem almost non-existent, and the price has repeatedly set new highs. There are pullbacks, but they are merely adjustments in the process of rising. As long as bears don't die, bulls won't stop. Don't assume a decline just because the price has increased significantly. Without clear signs of a trend reversal, we only adhere to one path: pullbacks are opportunities to go long! Looking at the four-hour chart, a series of consecutive bullish candles have repeatedly opened up upper space, with short-term bullish momentum showing an increase. Currently, it is also testing upper high points; we steadfastly maintain a long position and take advantage of any pullback opportunities to follow up with long positions.
Trading Suggestions Bitcoin: 103500-103000 Long Target: Focus on 105500 Ethereum: 2475-2455 Long Target: Focus on 2580$BTC