Let me briefly review Friday's market for everyone. Due to the pressure at the price level of 102,500 in the early hours, the market once fell back to around 99,300 and stopped dropping. In the morning, the price fluctuated around 99,500, testing a low of 99,000 without breaking below. Throughout the day, the market was in a slow upward phase, continuously rising and closing near the 100,000 mark. The evening was the key time for market volume, with stock prices continuously recovering near 101,500 after the U.S. stock market opened. Our long position set in the morning could be considered exited. I didn't share much strategy today because the market was too straightforward, just maintaining a bullish outlook. The focus of the layout was primarily on short-term operations, which didn't provide much space for profit, so it wasn't included in real-time statistics. The total gain for Bitcoin during the day was 3,200 points. The total gain for Ethereum was 140 points. The daily market also helped many friends with small positions accumulate short-term gains. Friends who entered the market in Fang County in the morning, although the market moved slowly, still gained over a thousand points. In such a market, with such a rhythm, it would be a pity not to seize the opportunity.
Currently, looking at the market, the daily line has turned bullish, completely recovering yesterday's bearish pullback. The low price continues to rise, but the current market has not broken through yesterday's resistance level of 102,500. Given that the current market is still under pressure, a short-term pullback is expected rather than a continuation of breaking highs. Combining this with the current time point, historically, Fridays generally see a pullback after a stretch in the early hours, and since the current level of 102,500 is under pressure at the right time on Friday, we can refer to past history to anticipate that the rebound could see increased short positions. Looking at the 4-hour line, the market is moving with a strong bullish momentum, but it is worth noting that the market has not provided further recovery after being under pressure. After a high surge in the evening, it retraced to around 99,600. The rapid fluctuations have indeed attracted a recovery of bulls; however, the current recovery hasn't significantly touched the upper Bollinger Band resistance. As the weekend approaches and the morning closing occurs, the market will likely slow down, so we can continue to expect the cryptocurrency price to oscillate around 100,000 to correct the market. The operation strategy is quite simple: look for a bearish rebound, and when the market reaches the 100,000 level, go long directly. How to manage the force, everyone should control it themselves.
Bitcoin can be shorted at 102,000-102,500, targeting around 100,000.