In the afternoon, after the market once soared to around 59,790 points, it turned into a moderately volatile downward trajectory. It is currently stabilizing at the 58,800 mark, showing that the early rise was quite significant. Overall, the market is still running in a steady upward channel, although it has encountered a certain degree of correction, which is seen more as a natural consolidation process after a surge. Currently, the market maintains a slow upward trend.

Based on this, the bullish strategy we proposed at noon does not require major adjustments for the time being, because the price has hit our preset entry area as expected. Next, we will continue to make subsequent layouts around the long strategy. Recently, every round of our strategies has accurately captured profit opportunities, and the entry points and goals have been successfully achieved. These strategies have been disclosed to the public in advance. Their high accuracy is eye-catching and well-documented. Not empty talk.

Observing the current market, on the daily chart, as the price gradually climbs along the upward channel, accompanied by the bottoming and strengthening process of the weak callback, the momentum of the bulls continues to increase, pushing the moving averages to rise simultaneously, establishing the irreversibility of the bull trend. On the four-hour chart, the upward channel remains clear, the price rises steadily, and the bulls gradually take the lead in the transformation of long and short forces. Although the short-term correction is preparing for another high, the overall operating direction should still stick to long.

Bitcoin (BTC) operating range: 59000-58600, bullish, target 60500 Ethereum (ETH) operating range: 2510-2480, bullish, target 2600

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