This wave of rebound was completely within my expectations. If you have been serious about reading my blog posts these past few days, you should not have missed this round of increase!
Last week, I emphasized multiple times to lay out a medium-term long position by buying on the daily pullback to 91000-91500, looking for a rebound of 5000-8000 points. This week, we just happened to see a minimum pullback to 91500, and as of the highest point this evening at 97400, there has been a rise of exactly 5900 points;
On Monday, I openly went long at the current price of 91600, and on Tuesday, around 94000, and yesterday at 93400. Each of these long positions has at least a space of over 2000 points; Without mentioning that you could follow every trade, if you have seen my thought process, at least you can ensure that you are not going short and getting trapped!
On Monday, a long position was publicly given at 91600 to the current price. On Tuesday evening, a pullback to 94300 continued to suggest going long, targeting 96800 which has also been reached. Yesterday, another suggestion was made to look for a rebound target of 95500, with long positions at 93400 easily capturing more than 2000 points. Facts always speak louder than words!
Bitcoin has risen nearly 4000 points today, directly breaking through the 96000 mark in the evening. Currently, the four-hour chart has broken through the downward trend line resistance, and the hourly chart has also broken through the conversion level of 95300. Short-term support is around 94300, and in the evening, a pullback to 94300-94500 is advised for a long position, with a target of 96800-97300.
For Ethereum, pay attention to the resistance level at 3450 above. If this position can be broken and stabilized, the daily chart will complete a pullback and form a second round of increase. In the evening, a pullback to 3360-3380 is advised for a long position, with a target of 3570-3600.
On the weekend, I went short at 95500 looking at 93000. Yesterday, I also suggested going long at the current price of 91600 looking at 94000. The short at the high and the long at the low provide at least 5000 points of space each way. Opportunities are definitely reserved for those who are prepared. If you are ready, I will also come.
On Sunday, Bitcoin retested the 93000 level again. The daily line has fallen from its high and has tested the support below 93000 multiple times. As of now, there has not been a substantial breakdown. If there is an effective breach, a significant drop will be inevitable. Conversely, if the daily line consolidates through multiple retests, the price could form a new round of rebound. The short-term resistance above is around 94800, and tonight we should focus on the resistance in the 94800-95000 area.
Ethereum, after probing the bottom at 3100, has not continued to break lower on the daily line and has instead shown a weak upward oscillation. 3550 is the dividing line between bullish and bearish on the daily line. After a morning surge, it adjusted above 3400, and we should pay attention to the resistance at 3450 in the short term.
Bitcoin continued to decline yesterday, with this round of rebound being pressured around 99,500, forming a secondary drop. Currently, it has not broken below the previous low of 92,500, and this position has formed two support retests. If it fails to hold this level in the next test, the price may drop below the 90,000 mark in the coming days.
The four-hour key level for this week is 97,700. On Thursday, a rapid decline began after breaking below this level. Yesterday, there was a second drop after rebounding and touching this level. Therefore, for a real rebound to form in the trend, even if it's short-term, we need to watch the breakout and stabilization at 97,700.
On the hourly chart, after probing the bottom near 93,500 yesterday, there was a rebound. The weekend is expected to be mainly routine fluctuations. For the rebound highs, the resistance above is at 95,200. For today, the rebound range is 95,200-95,500 for shorts, looking down at 93,000. Ethereum has formed support around 3,300, with a rebound today at 3,390-3,410 for shorts, looking down at 3,300!
Yesterday opened around 95600 with the current price, the highest reached 96600, and the lowest was 95200!
If you want to lose, at most you will lose 400 points, if you want to gain, at most you can have 1000 points; if you exit now, there is still 600 points; make your own choice!
Today was mostly a loss, but yesterday we had two profitable trades that clearly hit the target and exited
Yesterday morning I gave a long position at 97500-97700, looking up to 100000; the lowest point just happened to retest 97600
In the evening, I provided a long position at 98700, reminding to add to the position at 98000, looking bullish towards 100000; the morning came as expected
Yesterday's two trades also totaled a gain of 2900 points, which is evident to all!
The hourly chart shows a high-level consolidation pattern. After a morning surge to 100,000, it faced pressure and retraced. Although it broke through the double top resistance at 99,500, it did not effectively hold above it, which is considered a false breakout.
Currently, the short-term support is near our entry point for going long at 97,700. If this level is breached, there could be a sharp decline in the short term.
The four-hour chart is also showing a retracement trend. It depends on whether the support can hold; if it does, we may see a rebound first. The daily chart is currently under the pressure of the middle track line, but it has been in a series of up days.
For today, the focus is still on looking for a rebound during the pullback, and we will arrange for shorts based on the resistance situation above.
Buy on a retracement to 97,800-98,000, targeting 99,500-100,000; Auntie is in sync!
The 100,000 that I waited for all night has finally arrived as scheduled. Last night, 98,700 was the current price for buying more, and it perfectly reached 100,000 near 98,000 to secure 1,600 points. Yesterday, two long positions continued to maintain a full victory, with 6 trades this week resulting in 5 wins, totaling 8,100 + 290 points! The short-term double top at 99,500 has already broken through; although it hasn't fully stabilized, there is a continued upward breakthrough trend. Once it effectively stabilizes, the upper level is expected to look towards around 102,000!