In-Depth Analysis of Thursday Afternoon Market Trends and Friday Strategy Outlook
In the cryptocurrency market on Thursday, the market was in a state of consolidation during the early hours, seemingly gathering strength in the background, indicating that significant market movements were about to occur.
As noon approached, the bullish momentum could no longer be contained and began to emerge.
After successfully securing profits from the long positions held, it was precisely pointed out that once the price broke through 75000, a subsequent strong rally would inevitably follow.
As expected, the market trend followed my predictions, surging forward unstoppably towards 97900, resulting in substantial profits for all long positions during today's trading.
To delve deeper through the four-hour price trend analysis, the market, after experiencing a continuous and strong upward movement and successfully breaking through previous highs, is currently showing a brief pause, accompanied by a longer upper shadow.
This pause phenomenon aligns with the theories we previously articulated and should be regarded as the gradual unfolding of a corrective structure.
However, considering there is still ample upward space above, even a slight pullback could potentially impact the current strong pattern.
In terms of short-term strategy, we must closely combine price patterns and closing strength to comprehensively assess the sustainability of the market's strength.
In smaller time frames, such as during the noon period, although the market experienced a pullback after reaching a high point, the extent and strength of the retracement were relatively limited, causing no substantial damage to the overall strong pattern.
For future trends, we can attempt short positions to observe the continuity of the pullback, and based on the actual strength of the pullback, make timely adjustments, subsequently capturing the perfect timing for entering long positions. Cloud House Public No: Cloud Community, no waste, beautiful skirt
Friday Afternoon Operation Suggestions
For Bitcoin (BTC), if a pullback occurs to around 96500 - 97000, consider entering long, with the upper target price looking towards 98000 - 98900.
For Ethereum (ETH), when the price pulls back to the range of 3090 - 3100, it is suitable to perform long operations, with the upper target price set at 3220 - 3250.