The strategy from this morning has been confirmed, with the market rising to the 98800 level before retracing. The market pulled back to the support at 97800 and stopped falling, subsequently continuing the bullish momentum, with the market rising to around 99200 but facing resistance. The altcoin followed the rise of Bitcoin and continued to increase, reaching around 3680 but encountering resistance. The entry point for everyone this morning was quite accurate, as the pullback of Bitcoin also entered our pullback range. Although our real trading entry was slightly late, we managed to enter at the 98100 level before the market surged. The price rose to around 99200, and we took profits on half of our position, securing over a thousand points. The altcoin's layout synchronized with Bitcoin's, securing a profit of 50 points. The market showed strong performance, and such a simple market in the morning provided insights in advance; how many friends managed to capitalize on it?
From the current market perspective, the daily candlestick closed as a doji, continuing the bullish momentum. The Bollinger Bands are in a contracting phase, but the candlestick shows a strong upward movement with seven consecutive bullish candles. Although it has not reached the 100,000 resistance level, it has shown a continuation of the long-term bullish trend. Looking at the four-hour chart, the market retraced to the middle band support and then rebounded, breaking through the upper band resistance, which opened up the Bollinger Bands, making the upward trend more apparent. From the hourly chart, the market's breakout and surge created a certain upper shadow, but the retracement did not pull the candlestick back inside the upper band. The demand for retracement is not as strong as this morning's; with such a strong market, it will likely consolidate and build momentum through fluctuations to open up an upward channel. Therefore, the overall direction should continue to maintain a bullish outlook.
Bitcoin can be bought between 98000-98500, with a target continuing to look at 100,000. The altcoin can be bought between 3610-3640, targeting around 3720.