Many people still have a bullish sentiment towards Bitcoin, after all, last week was a strong rebound market throughout the week, and Friday night continued to rise. Anyone who takes a glance at the candlestick chart should know it's in a breakout state, it's too obvious! But as Yan Ling said before, this is a standard false breakout. You might understand a false breakout as a rapid recovery after a breakout, yes, that's one of them. However, this kind of independent and clear breakout action also belongs to a false breakout. During the volatility vacuum period of Bitcoin, any rise or fall is nonsensical, and you need to treat breakout situations with caution. A breakout does not equal the emergence of a trend.

Many people judge reversals based on at least a 50% or 61.8% amplitude; above this, the market has the possibility to return at any time. Moreover, this recent rise is about to achieve price breakout, structure breakout, cycle breakout, and trend breakout. Once these four conditions are met and with the support of these four buffs, many people find it hard to resist choosing to go long. As for targets, no one will set limits. In short, we must first look at breaking the two phase positions of 100,000 and 105,000, but the world is unpredictable, and it is often easy to go from joy to sorrow. There is still some time before the understanding king takes office, and before that, it is hard to say what kind of twists and turns the market may encounter. It is advisable for everyone to be cautious. In the short term, going long with the trend is acceptable, but be careful not to be greedy for big profits, lest you be caught off guard when the profits are unexpectedly reversed.

Zhou Yanling's 1.6 Bitcoin trading strategy:

1. Buy at 98,000-98,800, stop loss below 97,000, target 99,500-100,000, continue to look for upward movement around 101,600.

2. Sell at 101,500-100,700, stop loss above 102,500, target 99,000-98,000.

Zhou Yanling's 1.6 Ethereum trading strategy:

1. Buy at 3,580-3,620, stop loss below 3,530, target 3,700-3,750, continue to look for upward movement around 3,910.

2. Sell at 3,760-3,720, stop loss above 3,800, target 3,620-3,570.

The content of this article is exclusively shared by senior analyst Zhou Yanling. For more real-time group guidance, consultation on liquidation, and learning trading techniques, you can follow the teacher and find teacher $BTC $ETH .