We have made it very clear in our articles over the past two days that there will be fluctuations in a narrow range over the weekend, maintaining a bullish outlook at the beginning of the week. The price movement aligns perfectly with our strategy, allowing us to smoothly capture long positions, while Ethereum seems to lag slightly behind Bitcoin, lacking a bit of strength.
From the overall daily chart perspective, the bullish momentum has not yet been fully released, and there is still a significant amount of volume waiting to be unleashed. The pullback over the weekend serves as the best proof of this. In the short term, there is a slight bottoming out before moving higher again. Although there is an expectation of further retracement, the overall upward momentum remains relatively strong. The price is still fluctuating within a range, albeit with the range having shifted upwards. The larger trend does not need to be discussed, as the upward state is well-known and is what a significant number of friends want to see. However, we are not focusing on trends right now; instead, we are running short positions under the trend. While engaging in short-term trades, if there is an opportunity to participate in the trend, we should still engage in trend positioning. Both can proceed simultaneously. Alright, let's return to our thoughts for today.
Buy Bitcoin at 97500-97000, watch around 99000. Buy Ethereum at 3710-3680, watch around 3815.
Follow our WeChat public account: Futai Talks Coins, to get the latest strategies.
