The market bulls continued to break new highs at midnight. In the first half of the night, there was a surge that broke through the 107000 level, without giving too much of a pullback. After a near 500-point retracement, the market rebounded again to create a new high of 107777. As for the other coin, before breaking the high, there wasn't much movement, but it followed closely afterward, breaking through the recent high and reaching around 4100. The short position laid out last night unfortunately faced a loss of 1300 points. After the market retraced, the long position was set to recover 500 points of loss, still facing a loss of 800 points. Luckily, the profits from the day session yesterday were sufficient; otherwise, it would also be in a loss state today. The other coin performed slightly better than the main coin; when the main coin broke above 107000, the other coin synchronized to take profit at breakeven. The entire market turned around to look for further gains, also seizing nearly 150 points of space. There isn't much more to say; if you're wrong, you have to acknowledge it, and you must stand firm when facing setbacks. In a bull market, go with the trend.
Recently, there have been many positive news stories. With the Federal Reserve's interest rate cuts approaching and Trump set to take office, a series of positive news has continued to heat up market sentiment, indirectly causing Bitcoin to rise sharply as it broke new highs. The data has shown positive trends, and looking at the charts, after the midnight market continuously broke new highs, it still experienced a pullback. From the daily structure, it closed with a small bullish candle, and the daily movement has shown a nearly 4000-point fluctuation, which is very in line with the daily volatility in a bull market. Currently, the daily structure is correcting, and the upper boundary still struggles to provide resistance to the candles, so after closing, there may still be some pullback. However, due to the strong bullish trend in the bull market, it’s advisable to maintain a trend-following operation method, buying on dips. Shorting at high positions can also be done with a small position, just ensure to set stop losses. In such a market, trying to take risks is definitely risky, so manage it yourself.
The main coin can be bought in the range of 104800-105200, targeting around 108000. The other coin can be bought in the range of 3940-3970, targeting around 4100. #BTC再创新高 $BTC $ETH