The callback is the process, the rise is the result. Recently, we have maintained a bullish outlook without change. The layout is publicly transparent across the network, and this is all traceable. Since last night, Bitcoin has started to rise, moving from around 97,000, as we indicated, to about 100,800. Our long position set around 97,000 has also achieved nearly 3,000 points in space. Currently, it is under pressure and slowly retracing back to around 100,000. Still, the same saying applies: in this kind of market, do not guess the top. In a strong market, one should follow the trend and avoid going against it!
After breaking the high, we once again enter a correction phase. The rhythm remains the same; the bullish trend has not changed at all. We maintain a bullish expectation in the short to medium term. Structurally, after experiencing periodic adjustments, we once again enter a continuous rise pattern. Although it is not very robust, the structure is quite clear. The process of consolidation and correction is fundamentally technical. Currently, the pullback is still defined as a correction. Next, we will see the strength and timing of the second high push. The short cycle is constructing a correction step, so continue to look bullish around this step.
Bitcoin is trading around 99,000, with expectations to see around 101,000. Ethereum is trading around 3,380-3,360, with expectations to see 3,500.