Accidentally achieved another 4 consecutive wins, from the weekend 10.28, to Monday 10.29 and yesterday 10.45 with three consecutive longs, all precisely hitting the lowest points; And each time rebounded to 10.6-10.7, with at least 3K points of space.
What seems difficult for others becomes very simple for me, everything is under control!
Bitcoin has recently shown an interesting stair-step pattern in its upward trend.
Each upward wave has an amplitude of about 10,000 points, with a brief pause after each rise. From 7.5 to 8.5, then to 9.5, and most recently to 10.5. After each jump, there is usually a period of relative calm with horizontal adjustments lasting seven to ten days.
This pattern provides predictable opportunities for profit-taking or establishing new positions, and these consolidations can serve as new support levels. If this pattern continues, the next logical target could be 11.5, which is just about 11% higher than the current price.
The pullback from yesterday was able to be reclaimed and stabilized above 10.5, to be honest, it's quite surprising!
Originally, the daily chart had been at a high level, and the last wave of the rise followed by a drop actually had a trend of pulling back on the daily chart, but the bulls were strong enough. Since they can't be killed, we'll continue to follow the trend and go long.
The short-term watershed for today is 10.45; if it pulls back near this level, continue to go long. As for the aunt, just follow up at the low point around 2470 during the early morning!
We have been long in this position near 10.28 for two consecutive times, with the highest rebound on weekends above 10.7; today we continue to long and rebound again at 10.55.
This includes two simultaneous longs from Auntie, with at least hundreds of points of space; when it comes to going long, I really have a lot of say!
The gains of the early morning have all been reversed, and the daily chart is facing a pullback; however, the hourly chart is short-term oversold, and the current price level can be used to enter long positions and look for a rebound!
The morning surge at 10.7 can basically be confirmed as a typical false signal!
I have mentioned multiple times that the daily resistance is mainly concentrated around 10.6-10.65. Although there was a surge in the morning, it did not hold; even if the daily chart breaks through the resistance at the top of the recent 10.5 range, it is just a false breakout.
The daily chart also needs a proper pullback to allow us to feel more secure and grounded for the upcoming opportunities to go long!
The roller coaster at dawn is once again washing the盘, as I emphasized in the previous blog post, the daily chart needs to be bearish, at least down to 10.6-10.65, last night just happened to peak at 10.7 and then retrace.
As for Auntie, the surge a few days ago was too strong, and a retracement is also within reason. The daily chart currently at least has a demand to pull back below 2300, but the overall upward structure remains unchanged.
Returning to 10.5 seems to be expected; after a few days of adjustment, I also reminded everyone that a rebound was coming, and provided precise bullish signals.
Looking back at the price movements over the past month, we have truly stepped in the right positions at every turn.
The rebound in the big trend, as well as the periodic adjustments and pullbacks, have been perfectly combined in our strategy, which is evident to all!
The fluctuation of a thousand points has oscillated for a day, and the hourly chart is currently forming short-term support near 10.25. This position will determine whether the short-term continues to pull back to 100,000 or continues to rely on a rebound to rise.
In the short-term trend, the daily chart is currently consolidating instead of pulling back for adjustment, but we still need to be wary of potential pullback risks; in the medium term, we remain bullish.
Next, we will either pull back to 9.8-9.9 before starting a new round of increases, or we will directly rise around the support level of 10.1 during the consolidation!
10.5 cannot break through and stabilize, which means adjustments are still needed; the recent surge of the 'auntie' has been too rapid, so a natural pullback is also fierce.
The overall trend remains unchanged. Today, at the current price of 10.28 and near 2460, continue to buy more and look for a rebound!