When the road is blocked, changing direction may lead to another path that suits you. Since the Friday market downturn, I have also been summarizing and reviewing over the weekend, and I have come to understand more. Learning to adapt is the key to making progress! Currently, the overall performance is still oscillating. The strategies given for Bitcoin and Ethereum still have room to maneuver. This morning, we perfectly captured the upward movement from our long position. As mentioned before, in this rhythm, try to expand the range and follow the trend, which can greatly reduce the probability of losses. The core logic remains unchanged; it is just a matter of timing.
Currently, the short-term movements are quite chaotic. The originally bullish upward structure has not been sustained. The plan was to find a point to follow up as it retraced, but the intensity and extent are clearly slightly higher than the planned points. Therefore, I have been waiting. The approach remains the same: break the high and then retrace. Moving step by step is just to build momentum for a better surge. The structure's retracement does not break this already completed bottoming structure. In terms of form, the retracement is still defined as a process of seeking support. Therefore, it is easy to understand the subsequent actions, which is to go long around the current short-term support without being wishy-washy or easily swayed by the wind. I remain firmly bullish! #BTC☀
Bitcoin is mostly around 97800-97500, with an expected target of 99000. Ethereum is mostly around 3730-3710, with an expected target of 3800.