As of now, the overall rhythm is in line with expectations. In the morning, noon, and afternoon, we continuously suggested pulling back to go long. At noon, we followed up with a long position after a pullback in Bitcoin and Ethereum. In the afternoon, we surged and captured all, with Bitcoin and Ethereum respectively gaining over 1000/60 points. This rhythm is indeed like this; it is fundamentally the strength established in the early morning that lays the groundwork for the overall direction of the day. Compared to the rebound space, the currently small pullback space is still defined as a correction rhythm unchanged.
From the current structure, it can be analyzed that the entire market has digested the upward momentum and is gradually entering a correction phase within a small cycle. Therefore, the subsequent period can be understood as a phase of exertion for the bulls. The strength of the bulls in the hourly structure is becoming increasingly evident; no matter how deep the pullback is, the bulls can still strongly recover, and the more energy they accumulate, the stronger it becomes. Currently, a step-like upward trend is presented. As the bottom support becomes stronger, the pressure will become weaker as it continues to rise. Therefore, the subsequent strategy remains unchanged, first observing the strength of the pullback, and then proceeding to layout long positions accordingly. #BTC☀ #ETH🔥🔥🔥🔥
Bitcoin is hovering around 96700-96300, with an expected target of 98500. Ethereum is hovering around 3720-3700, with an expected target of 3770.