【Weile Morning Thoughts】

Trading Suggestions

Bitcoin: You can enter a long position in the range of 98400 - 98700, with a target around 101000. The current BTC price fluctuations have formed this trading range, and there is potential for bullish strength to exert itself within this range. After breaking through resistance, it is expected to hit the target level. Investors should pay attention to whether the price can stabilize and rebound, seizing the opportunity to go long.

Ethereum: Choose to go long around 3450 - 3460, with a target near 3600. The price movement of ETH has created trading opportunities in this range. If the market is dominated by bulls, the price is expected to rise to the target area. Investors should enter the market at the right time while preparing to set stop-loss orders to control potential risks.

Market Review

Looking back at the midnight market, the bulls showed strong performance, breaking through the intraday fluctuations. Although the key resistance level above has not yet been broken, multiple tests indicate that the bullish strength should not be underestimated. Previous operations met expectations, and the actual BTC closed profits near the previous high, yielding ideal results.

The daily structure is currently in a corrective oscillation, with shallow pullbacks. BTC is operating within a wide oscillation range, finding support and rebounding near 97500, and has returned above 99000. The subsequent key resistance level is at the round number of 100000; if it breaks through, the market is expected to rise. In the short term, BTC is in a phase of repair and consolidation, waiting for bullish strength to exert itself. Once it breaks through, the probability of the price rising above 100000 increases. Investors need to closely monitor changes at key levels, flexibly adjust strategies, align with market trends to gain profits, while guarding against sudden risks to ensure stable trading.