Today continues yesterday's bullish outlook. In a strong market, we should only go long and remain bullish; the risk of going short is too great compared to the overall rewards. This afternoon, our strategy is to go long at the 10600-105500 range, and then the market surged to around 107493. This was a perfect prediction for tonight's movement, where we captured nearly 1000 points with Bitcoin, while Ethereum performed slightly weaker with only about 30 points of movement. Overall, the strategy is consistent with the market trends. The levels were also precisely controlled; in such a market, as long as the levels are accurately managed before entering, it can be easy to make profits. Recently, we have adjusted our strategies and plans, and the market sentiment is quite strong. Those in need can directly reach out to Teacher Wang Hao.
From the current market perspective, the daily chart clearly shows a unilateral upward trend for Bitcoin, with bullish candles appearing. The half-box pattern is gradually improving. After a strong surge in the evening, the rebound high point is steadily rising, indicating significant bullish strength, continuously recovering the lower space, suggesting that the subsequent upward trend is only a matter of time. Bullish signs of increased volume are evident, with the market firmly positioned within the upward channel, and its momentum continues to grow. The moving average indicators clearly point towards an upward trend. If we close with a bullish candle today, the 105500 area will solidify as a short-term bottom. Multiple technical indicators point towards a gradual and firm upward trend.
Bitcoin: 106500-106000 Long Target: Focus on 108500
Ethereum: 3980-3960 Long Target: Focus on 4100$BTC