Wednesday Morning Thought Strategy Analysis

Bitcoin rebounded yesterday, reaching near the 90,000 mark and faced pressure, starting to decline. In the evening, it accelerated downwards, hitting the low point around 85,319 before rebounding again. It is currently oscillating around 88,000. Overall, it is oscillating and tentatively testing new highs again, and it is not ruled out that there will be repeated highs and pullbacks. In terms of the overall structure, the 4-hour chart is still in an upward trend, so I continue to be bullish in the short term!

Firstly, the stronger the market, the shorter the time for pullbacks and corrections, and the smaller the space for pullbacks. Additionally, the occurrence of bearish candles is also less frequent. Since the market started to rise this week, especially on the 4-hour chart, during the continuous upward movement, there have been K-line patterns of pullbacks, but they are all single bearish candles, and the bodies are very small, followed by a continued turn to bullish and rising; this is the recent strong pattern of Bitcoin. In a strong market, there won't be significant pullbacks, and any pullback provides an opportunity to enter. Strong trends do not have deep corrections, and deep corrections are not strong. The strategy continues to look for new highs.

BTC: 88,000-87,500 buy Target 89,000-90,000

ETH: 3,230-3,200 buy Target 3,300-3,350