In the early morning today, BTC reached a new high, hitting 107777, which is consistent with what was mentioned in last night's analysis. The current price action suggests a long position with nearly 2000 points of space. Realized profits of BTC 3417 points and ETH 59 points, totaling 138167 USD.
At the same time, tonight's strategy not only accurately predicted that BTC would break through 108000 but also indicated that a pullback would follow the breakthrough. One long and one short perfectly confirmed a space of over 3000 points.
Market Analysis
Firstly, on the 4-hour level, the 108000 mark that has been discussed for nearly half a month has arrived as expected tonight. From a structural perspective, 108000 is not the end of this round of upward movement; the next target should be 112000. As for whether there will be a 4-hour pullback and a retest below 100000, it is currently difficult to make a reasonable judgment.
Secondly, on the 1-hour level, recent market analyses have pointed out that the 1-hour rebound target from 94265 on the 11th of this month is around 108000. Now that the target has been perfectly reached, a near 3000 point pullback has immediately followed. The next step should be to look for a 1-hour level pullback, which is expected to retest around 102500, and possibly deeper around 100000.
Short-term
Since it was mentioned above that we are currently in a 1-hour level pullback, and the retracement has approached 3000 points, the next step is to short at highs or go long to seize rebounds.
Direction: Short
Sell point 1: Around 107000.
Sell point 2: Around 107500.
