Recently, Auntie's data has been quite impressive. While Bitcoin and the US stocks are falling sharply, Auntie's ETF is still seeing a counter-trend inflow of capital?
It seems many large investors are positioning themselves in advance for the Prague upgrade in March, buying more as prices drop. So whether it's Bitcoin or Auntie, we can really take advantage of this pullback to accumulate. After buying, don't rush; if we hold for 2-3 months, we could witness a miracle! Looking back at the market, we provided a bullish strategy in the morning, and the subsequent movements have been quite in line with expectations, peaking around 94,300 just now. We also took profits at the right time, with morning trades netting 510/77 points on Bitcoin and Auntie respectively. Currently, the market has retreated again, and today's strategy is set, primarily focusing on retracement trades!
Currently, the price has stabilized above 93,500, and the bullish momentum is gradually increasing. From the four-hour chart, it can also be seen that each retracement provides the best opportunity for everyone to enter the market. From the overall technical perspective, there is still room for upward movement. The short-term resistance level is around 95,000. If this level is broken, the upper range will be completely opened up, and we can boldly look towards 97,000. In the short term, the current retracements are showing as small bearish candles, which are hardly worth mentioning; we are still in a bottoming phase. We just need to patiently wait for the market to further explore higher levels.
Bitcoin can be traded around 93,000, targeting around 95,000.
Ethereum can be traded around 3,400, targeting around 3,500.