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Bullish
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Simple and clear description, accurate analysis. Yesterday's morning market and the current early morning market have been taking off all the way. The big cake has gained 2700 points at the low long below 995. The auntie is also trending more than 100 points and directly sees the highest point of 3740. Did you eat enough tonight? #比特币走势观察
Simple and clear description, accurate analysis. Yesterday's morning market and the current early morning market have been taking off all the way. The big cake has gained 2700 points at the low long below 995. The auntie is also trending more than 100 points and directly sees the highest point of 3740. Did you eat enough tonight? #比特币走势观察
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Good afternoon on Monday. During the weekend, Chen Yan provided a brief analysis of the retracement. The market is also experiencing a slight pullback, but the support below remains strong. The adjustment process is just giving a boost to the upward momentum. Currently, the major cryptocurrency is just a step away from 100,000, and today’s intra-day strategy continues to look for an extension of the upward trend. The major cryptocurrency aims for 99,500-99,200 with a target of 107,000. The secondary cryptocurrency is expected to rise from 3,665-3,650 to 3,740. #比特币
Good afternoon on Monday. During the weekend, Chen Yan provided a brief analysis of the retracement. The market is also experiencing a slight pullback, but the support below remains strong. The adjustment process is just giving a boost to the upward momentum. Currently, the major cryptocurrency is just a step away from 100,000, and today’s intra-day strategy continues to look for an extension of the upward trend.

The major cryptocurrency aims for 99,500-99,200 with a target of 107,000.
The secondary cryptocurrency is expected to rise from 3,665-3,650 to 3,740. #比特币
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Bearish
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In the second half of this week, the market of Bitcoin and Ethereum tended to fluctuate. Without the influence of major news, the trend was relatively stable, especially after the short position adjusted to the bottom support in the early stage of this week, it fluctuated upward all the way. Yesterday, the bulls successfully broke through the 965 resistance mentioned in the early stage and stood firm, rising all the way to near 990. And yesterday, we also followed the structural changes, Bitcoin won 1700 points and Ethereum 115 points. For this kind of market that is more inclined to the structural system, the grasp of the market is always just right. From the 4-hour trend of Bitcoin, the bulls are currently under the latest resistance of 990-995, especially after rebounding and breaking the resistance of 965/980, there is an obvious shrinking trend in the morning, and the 1H structure connection has also entered the stage of Boll downward adjustment. Then Saturday's white market can follow the demand to see a wave of high-altitude shock consolidation, and the support below can be 965-960. Chen Yan's suggestion for Bitcoin intraday operation: 983-987 short target 968 area. Ether around 3610-3625 empty to around 3530. #比特币诞生16周年
In the second half of this week, the market of Bitcoin and Ethereum tended to fluctuate. Without the influence of major news, the trend was relatively stable, especially after the short position adjusted to the bottom support in the early stage of this week, it fluctuated upward all the way. Yesterday, the bulls successfully broke through the 965 resistance mentioned in the early stage and stood firm, rising all the way to near 990. And yesterday, we also followed the structural changes, Bitcoin won 1700 points and Ethereum 115 points. For this kind of market that is more inclined to the structural system, the grasp of the market is always just right.

From the 4-hour trend of Bitcoin, the bulls are currently under the latest resistance of 990-995, especially after rebounding and breaking the resistance of 965/980, there is an obvious shrinking trend in the morning, and the 1H structure connection has also entered the stage of Boll downward adjustment. Then Saturday's white market can follow the demand to see a wave of high-altitude shock consolidation, and the support below can be 965-960.

Chen Yan's suggestion for Bitcoin intraday operation: 983-987 short target 968 area.
Ether around 3610-3625 empty to around 3530.
#比特币诞生16周年
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Good morning. Although the cold winter is harsh, there is light in the heart. Persevere and move forward; dreams are within reach. Use faith to dispel the gloom and embrace hope with action. In the cryptocurrency sphere, the winter season is still vibrant. Although the global markets were closed yesterday, Bitcoin still experienced fluctuations of a few thousand points. Currently, the bulls are still in a state of accumulation, but at the beginning of this month, we will not blindly chase highs; everything must follow the latest market trends. After touching the lower Bollinger Band on the daily chart, Bitcoin has shown a slight rebound. The pullback that continued from last weekend to the beginning of this week did not break through the support level, but there is significant pressure above, especially in the 960-970 range. Both the structure and market have created a selling pressure, resulting in a consolidation situation, particularly in the short term. The 4-hour reverse V pattern has not yet formed a breakthrough upwards. Today's daytime trading shows that the situation around 950 is still at a secondary high, so we will first focus on shorting around the high. Today’s operational advice for Bitcoin: Short at 952-957 with a target around 934. Ethereum is around 3400-3420 with a target near 3330. #比特币战略储备 #2025比特币价格预测
Good morning. Although the cold winter is harsh, there is light in the heart. Persevere and move forward; dreams are within reach. Use faith to dispel the gloom and embrace hope with action. In the cryptocurrency sphere, the winter season is still vibrant. Although the global markets were closed yesterday, Bitcoin still experienced fluctuations of a few thousand points. Currently, the bulls are still in a state of accumulation, but at the beginning of this month, we will not blindly chase highs; everything must follow the latest market trends.

After touching the lower Bollinger Band on the daily chart, Bitcoin has shown a slight rebound. The pullback that continued from last weekend to the beginning of this week did not break through the support level, but there is significant pressure above, especially in the 960-970 range. Both the structure and market have created a selling pressure, resulting in a consolidation situation, particularly in the short term. The 4-hour reverse V pattern has not yet formed a breakthrough upwards. Today's daytime trading shows that the situation around 950 is still at a secondary high, so we will first focus on shorting around the high.

Today’s operational advice for Bitcoin: Short at 952-957 with a target around 934.
Ethereum is around 3400-3420 with a target near 3330.

#比特币战略储备 #2025比特币价格预测
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Happy New Year 🎉. On the first day of 2025, with a major support level at 960 for Bitcoin indicated last night, the trend has been progressing smoothly. After a rebound touched the 960 range, the volume began to decrease, transitioning towards a turning point, 🈳 continuing to oscillate downwards. For the solid support, the conversion just happened to coincide with the New Year, wrapping up the year-end and starting the new year with red, capturing over 3000 ⚡️ together with Bitcoin. Looking at the overall trend for this month, Bitcoin is still in a downward adjustment pattern, with the bottom expected around 90,000-88,000. If this round of adjustment can find effective support, a rebound may be possible, with the first target still at the 96,000 pressure level. As for tonight's trend, I personally still recommend a rebound 🈳. Bitcoin evening suggestion: Look for 941-945 🈳 to 917 range. Ethereum targets around 3280 within the 3355-3380 🈳 range. #2025比特币价格预测
Happy New Year 🎉.
On the first day of 2025, with a major support level at 960 for Bitcoin indicated last night, the trend has been progressing smoothly. After a rebound touched the 960 range, the volume began to decrease, transitioning towards a turning point, 🈳 continuing to oscillate downwards. For the solid support, the conversion just happened to coincide with the New Year, wrapping up the year-end and starting the new year with red, capturing over 3000 ⚡️ together with Bitcoin.

Looking at the overall trend for this month, Bitcoin is still in a downward adjustment pattern, with the bottom expected around 90,000-88,000. If this round of adjustment can find effective support, a rebound may be possible, with the first target still at the 96,000 pressure level. As for tonight's trend, I personally still recommend a rebound 🈳.

Bitcoin evening suggestion: Look for 941-945 🈳 to 917 range.
Ethereum targets around 3280 within the 3355-3380 🈳 range. #2025比特币价格预测
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The market is divided into four stages: layout/entry/profit-taking. (Cycle🔄) In the evening session, U.S. pre-market commentary indicated a real-time entry point for the high of 93000 for Bitcoin, with an initial target around 91000. Along the way, there were signals of an empty run, and a public notice to take profits was given around 91500. Later, during midnight, a real-time connection to a reversal trend was provided, leading to a long position at a lower level, gaining another 2500 points to date. The long and short positions have brought a harvest of 4K points tonight, achieved in just four short hours. Partners following along may have only seen the early signals for short positions to exit and rested early, while the real-time commentary here has been ongoing for 24 hours. 🛫#2025比特币价格预测
The market is divided into four stages: layout/entry/profit-taking. (Cycle🔄)
In the evening session, U.S. pre-market commentary indicated a real-time entry point for the high of 93000 for Bitcoin, with an initial target around 91000. Along the way, there were signals of an empty run, and a public notice to take profits was given around 91500. Later, during midnight, a real-time connection to a reversal trend was provided, leading to a long position at a lower level, gaining another 2500 points to date. The long and short positions have brought a harvest of 4K points tonight, achieved in just four short hours. Partners following along may have only seen the early signals for short positions to exit and rested early, while the real-time commentary here has been ongoing for 24 hours. 🛫#2025比特币价格预测
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Direction/range given before the opening of the US stock market in the evening Big cake and second cake dive simultaneously Harvest simultaneously #比特币预测
Direction/range given before the opening of the US stock market in the evening
Big cake and second cake dive simultaneously
Harvest simultaneously
#比特币预测
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Bitcoin and Ethereum bears continued to exert their strength in the evening. Currently, the three-wave decline in the 4-hour chart is in its infancy Bitcoin at midnight is 930-934, and the short target is 9W1 Ether is expected to fall to around 3360 #加密ETF申请热潮涌现
Bitcoin and Ethereum bears continued to exert their strength in the evening.
Currently, the three-wave decline in the 4-hour chart is in its infancy
Bitcoin at midnight is 930-934, and the short target is 9W1
Ether is expected to fall to around 3360
#加密ETF申请热潮涌现
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In the past 24 hours, Bitcoin surged again by 5000 points, setting a historic new high of 106600 points, while Ethereum is also approaching the annual peak around 4100. Looking back at the market outlook mentioned at the end of November: after a brief adjustment, Bitcoin is expected to challenge the 100,000 mark again, and this prediction has now been realized. After breaking the 100,000 mark last week, the market quickly gained momentum amid fluctuations and stabilization, with bulls once again gaining strength. Additionally, news of Trump purchasing Ethereum further ignited market sentiment, making this wave of increase even more unstoppable. From a structural perspective, Bitcoin's daily chart is climbing around the upper middle band of the Bollinger Bands, with the middle band and MA10 providing effective support during slight pullbacks, while the upper band of the Bollinger Bands extends space for bullish breakouts. Compared to violent surges, this trend of increase appears more robust. From the 4-hour cycle, after two pullbacks to around 94000 last week, a rebound occurred, subsequently filling back to 101000 and forming a V-shaped reversal, confirming the six-digit area as a solid support structure. As the bulls continue to gain momentum and successfully broke through this morning, the bulls currently dominate. In terms of market outlook for this week, the short-term perspective remains bullish, with the upper resistance at 108000 and lower support around 103000. Bitcoin trading suggestion: Go long around 104500, target 106000-107500. A valid breakthrough at 108000 allows for more long positions, target 110000-112000. Ethereum trading suggestion: Go long around 3920, target 4050-4100. Breakout long: If it stabilizes above 4100, more long positions can be pursued, target 4200-4300. #加密市场狂欢 #ETH再度冲击4K #BTC再创新高
In the past 24 hours, Bitcoin surged again by 5000 points, setting a historic new high of 106600 points, while Ethereum is also approaching the annual peak around 4100. Looking back at the market outlook mentioned at the end of November: after a brief adjustment, Bitcoin is expected to challenge the 100,000 mark again, and this prediction has now been realized. After breaking the 100,000 mark last week, the market quickly gained momentum amid fluctuations and stabilization, with bulls once again gaining strength. Additionally, news of Trump purchasing Ethereum further ignited market sentiment, making this wave of increase even more unstoppable.

From a structural perspective, Bitcoin's daily chart is climbing around the upper middle band of the Bollinger Bands, with the middle band and MA10 providing effective support during slight pullbacks, while the upper band of the Bollinger Bands extends space for bullish breakouts. Compared to violent surges, this trend of increase appears more robust. From the 4-hour cycle, after two pullbacks to around 94000 last week, a rebound occurred, subsequently filling back to 101000 and forming a V-shaped reversal, confirming the six-digit area as a solid support structure. As the bulls continue to gain momentum and successfully broke through this morning, the bulls currently dominate. In terms of market outlook for this week, the short-term perspective remains bullish, with the upper resistance at 108000 and lower support around 103000.

Bitcoin trading suggestion: Go long around 104500, target 106000-107500.
A valid breakthrough at 108000 allows for more long positions, target 110000-112000.

Ethereum trading suggestion: Go long around 3920, target 4050-4100.
Breakout long: If it stabilizes above 4100, more long positions can be pursued, target 4200-4300. #加密市场狂欢 #ETH再度冲击4K #BTC再创新高
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Entering December, 2024 is about to come to a close. Last week, Bitcoin and Ethereum pulled back from their highs, experiencing a drop of several thousand points, but there was no subsequent continuation of a breaking trend. In the article on November 28, we conducted an in-depth analysis of the market and pointed out that after stabilizing in the 9.5 mid-range, the bulls are expected to make another move. Now, looking at the overall trend of this month, Bitcoin's challenge to the hundred thousand mark is imminent. From the weekly structure of Bitcoin, the market did adjust after last week's pullback, but it touched bottom and rebounded over the weekend, forming a clear long lower shadow. This indicates the strength and density of the support area at the bottom. Meanwhile, during Bitcoin's pullback, Ethereum achieved a V-shaped reversal and made up for the losses all the way. It is evident that the bullish upward trend has synchronized, so the focus next is whether the bulls can continue to exert strength this week. For Bitcoin's intraday operations, I personally suggest: buy in the range of 97500-97800 with a target of 99000. For Ethereum, intraday around the range of 3700-3680 with a target of 3800. #BSC生态活力释放 #市场回暖新机遇 #以太坊时刻到来?
Entering December, 2024 is about to come to a close. Last week, Bitcoin and Ethereum pulled back from their highs, experiencing a drop of several thousand points, but there was no subsequent continuation of a breaking trend. In the article on November 28, we conducted an in-depth analysis of the market and pointed out that after stabilizing in the 9.5 mid-range, the bulls are expected to make another move. Now, looking at the overall trend of this month, Bitcoin's challenge to the hundred thousand mark is imminent.

From the weekly structure of Bitcoin, the market did adjust after last week's pullback, but it touched bottom and rebounded over the weekend, forming a clear long lower shadow. This indicates the strength and density of the support area at the bottom. Meanwhile, during Bitcoin's pullback, Ethereum achieved a V-shaped reversal and made up for the losses all the way. It is evident that the bullish upward trend has synchronized, so the focus next is whether the bulls can continue to exert strength this week.

For Bitcoin's intraday operations, I personally suggest: buy in the range of 97500-97800 with a target of 99000.

For Ethereum, intraday around the range of 3700-3680 with a target of 3800. #BSC生态活力释放 #市场回暖新机遇 #以太坊时刻到来?
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With you and me, everything is fate.
With you and me, everything is fate.
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Bitcoin's big surge and pullback, how will the subsequent market unfold, can Ethereum's rebound continue?This week, Bitcoin experienced a sharp pullback after peaking, dropping more than 8,000 points and gradually stabilizing, currently hovering around 95,000 points in a consolidation phase. Regarding this week's overall market, Chen Yan provides a deep interpretation from the technical aspect and market interconnectivity. 1. There is no need to panic about this round of adjustment; repair is a necessary process. Since early November, Bitcoin has risen over 30,000 points in a short period, forming a rapid upward trend. However, as the price has significantly increased, the major moving averages have clearly deviated from their operational tracks, leaving a huge adjustment gap below. This structural imbalance needs to be repaired through appropriate adjustments to lay the foundation for the healthy development of subsequent trends.

Bitcoin's big surge and pullback, how will the subsequent market unfold, can Ethereum's rebound continue?

This week, Bitcoin experienced a sharp pullback after peaking, dropping more than 8,000 points and gradually stabilizing, currently hovering around 95,000 points in a consolidation phase. Regarding this week's overall market, Chen Yan provides a deep interpretation from the technical aspect and market interconnectivity.

1. There is no need to panic about this round of adjustment; repair is a necessary process.

Since early November, Bitcoin has risen over 30,000 points in a short period, forming a rapid upward trend. However, as the price has significantly increased, the major moving averages have clearly deviated from their operational tracks, leaving a huge adjustment gap below. This structural imbalance needs to be repaired through appropriate adjustments to lay the foundation for the healthy development of subsequent trends.
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Over the weekend, Bitcoin and Ethereum maintained sideways adjustment. Overall, the bulls had a certain rebound strength, but in terms of last week's market, this increase has been greatly weakened, especially after the emergence of various favorable factors, new high frequencies have appeared. In the long run, the spring of the currency circle has just begun, but for us who do daily transactions, small trends are the top priority. After several surges, the market has actually entered a weak period. Whether it is the entry volume or the structure, a callback is inevitable. So from the perspective of this week's direction, the main body can focus on the correction ideas of the callback around the high altitude. After the daily level of Bitcoin surged, it entered the T9 bullish stage. When it did not connect with the second rise of 13, the high position entered a consolidation state, and the MACD bulls below gradually shrank. The short-term 4-hour moving average indicator also began to alternate downward. Then, after a wave of upward trend in the morning, it was just an opportunity to match the top and look at the retracement. Personal suggestion for Bitcoin intraday operation: 91200-91600 empty target around 89000. Ether around 3130-3150 empty target around 3030. #币安注册用户突破 2.4 亿 #市场回调,观望还是上车? #交易所BTC储备量创2018年以来新低 #BTC冲破9万
Over the weekend, Bitcoin and Ethereum maintained sideways adjustment. Overall, the bulls had a certain rebound strength, but in terms of last week's market, this increase has been greatly weakened, especially after the emergence of various favorable factors, new high frequencies have appeared. In the long run, the spring of the currency circle has just begun, but for us who do daily transactions, small trends are the top priority. After several surges, the market has actually entered a weak period. Whether it is the entry volume or the structure, a callback is inevitable. So from the perspective of this week's direction, the main body can focus on the correction ideas of the callback around the high altitude.

After the daily level of Bitcoin surged, it entered the T9 bullish stage. When it did not connect with the second rise of 13, the high position entered a consolidation state, and the MACD bulls below gradually shrank. The short-term 4-hour moving average indicator also began to alternate downward. Then, after a wave of upward trend in the morning, it was just an opportunity to match the top and look at the retracement.

Personal suggestion for Bitcoin intraday operation: 91200-91600 empty target around 89000.

Ether around 3130-3150 empty target around 3030. #币安注册用户突破 2.4 亿 #市场回调,观望还是上车? #交易所BTC储备量创2018年以来新低 #BTC冲破9万
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Bitcoin reached a new high yesterday and then retraced, with a fluctuation of over ten thousand points in a single day, especially after the bulls pushed to a high of 90,000 before retracing to around 85,000. The larger the increase, the more space is needed for the retracement. Therefore, yesterday we successfully captured a bearish move of 4,000 points. Here, some may wonder, how can one consider going short under such strong bullish conditions? Currently, the market is indeed dominated by bulls, but a stable top and a second surge also require sufficient adjustment and accumulation of strength. In simple terms, the short-term Bitcoin has entered an adjustment phase, with the upper resistance level to watch around 91,500-92,000. The lower support level is at 85,000, and if it breaks, strong support is seen around 82,500. Today's intraday strategy suggests focusing on short positions. For intraday trading recommendations on Bitcoin: short at 88,000-80,400 with a target around 86,000. For Ethereum, short around 3,250-3,275 with a target near 3,125. #比特币搜索热度攀升 #加密货币总市值破3万亿美元 #BTC连续破新高,你看到多少?
Bitcoin reached a new high yesterday and then retraced, with a fluctuation of over ten thousand points in a single day, especially after the bulls pushed to a high of 90,000 before retracing to around 85,000. The larger the increase, the more space is needed for the retracement. Therefore, yesterday we successfully captured a bearish move of 4,000 points. Here, some may wonder, how can one consider going short under such strong bullish conditions? Currently, the market is indeed dominated by bulls, but a stable top and a second surge also require sufficient adjustment and accumulation of strength.

In simple terms, the short-term Bitcoin has entered an adjustment phase, with the upper resistance level to watch around 91,500-92,000. The lower support level is at 85,000, and if it breaks, strong support is seen around 82,500. Today's intraday strategy suggests focusing on short positions.

For intraday trading recommendations on Bitcoin: short at 88,000-80,400 with a target around 86,000.

For Ethereum, short around 3,250-3,275 with a target near 3,125. #比特币搜索热度攀升 #加密货币总市值破3万亿美元 #BTC连续破新高,你看到多少?
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Bitcoin broke 90K today, setting a new high. Recently, we have been chasing the rise and have made quite a bit of profit, and we successfully curbed our greed in the afternoon, seeing a pullback of 4000 points in a wave of high shorts. The current bull market is already very obvious, but recently many people are hesitant to chase, fearing to short or get trapped. This psychological state is completely understandable; without insight into the market, there is no judgment, and no matter how good the market is, it becomes irrelevant. Currently, what most people lack is not the market, but the mindset and understanding! #比特币搜索热度攀升 #加密货币总市值破3万亿美元 #牛回速归,晒晒你的持仓?
Bitcoin broke 90K today, setting a new high. Recently, we have been chasing the rise and have made quite a bit of profit, and we successfully curbed our greed in the afternoon, seeing a pullback of 4000 points in a wave of high shorts. The current bull market is already very obvious, but recently many people are hesitant to chase, fearing to short or get trapped. This psychological state is completely understandable; without insight into the market, there is no judgment, and no matter how good the market is, it becomes irrelevant. Currently, what most people lack is not the market, but the mindset and understanding! #比特币搜索热度攀升 #加密货币总市值破3万亿美元 #牛回速归,晒晒你的持仓?
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The cryptocurrency market in 2024 is destined to be extraordinary. From the new high in the first half of the year to the historic 84,300 now, the record has been broken. In particular, Trump's announcement of victory has undoubtedly given cryptocurrency a shot in the arm, creating a new wave on the basis of the bull market. On the road of the cryptocurrency market, some people have always been there, and some have just got on the bus or left. All kinds of people have gathered and left along the way, but they can't change the current bullish momentum. So where is the high point of the big pie in your mind, one hundred thousand? The goal is not important. What is important is how much you have gained from practice in the process. I have been on the road, and I am still in the process of adhering to my ideals and practicing with my heart. #牛回速归,晒晒你的持仓? #BTC连续破新高,你看到多少?
The cryptocurrency market in 2024 is destined to be extraordinary. From the new high in the first half of the year to the historic 84,300 now, the record has been broken. In particular, Trump's announcement of victory has undoubtedly given cryptocurrency a shot in the arm, creating a new wave on the basis of the bull market. On the road of the cryptocurrency market, some people have always been there, and some have just got on the bus or left. All kinds of people have gathered and left along the way, but they can't change the current bullish momentum. So where is the high point of the big pie in your mind, one hundred thousand? The goal is not important. What is important is how much you have gained from practice in the process. I have been on the road, and I am still in the process of adhering to my ideals and practicing with my heart. #牛回速归,晒晒你的持仓? #BTC连续破新高,你看到多少?
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Last week, the large pancake continuously broke new highs, with yesterday's peak also reaching around 81,700, becoming a new historical milestone in the cryptocurrency world. In such a one-sided continuous upward trend, there is no need for excessive words; the market results provide sufficient proof. This week, the strategy continues with the bullish upward trend and can be bought on pullbacks. For intraday trading on Bitcoin, my personal suggestion is: buy between 81,000-80,700 with a target around 82,300. For Ethereum, buy around 3,200-3,180 with a target near 3,300.#BTC突破8W大关 #大盘的下一步? #BTC创历史新高
Last week, the large pancake continuously broke new highs, with yesterday's peak also reaching around 81,700, becoming a new historical milestone in the cryptocurrency world. In such a one-sided continuous upward trend, there is no need for excessive words; the market results provide sufficient proof. This week, the strategy continues with the bullish upward trend and can be bought on pullbacks.

For intraday trading on Bitcoin, my personal suggestion is: buy between 81,000-80,700 with a target around 82,300.

For Ethereum, buy around 3,200-3,180 with a target near 3,300.#BTC突破8W大关 #大盘的下一步? #BTC创历史新高
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Recently, with the elections and Trump's victory taking shape, the bullish sentiment in the cryptocurrency market surged. After Bitcoin broke its historical high of 76,900, it began to oscillate at elevated levels. With favorable news continuously being released, most people have become uncertain about the market direction; bears are hesitant to enter, and bulls are reluctant to buy at high prices. In fact, this market mainly depends on individuals' arrangements and practices regarding the stage cycle. Taking Bitcoin as an example, the bull market is still fundamentally in its early stages, and this wave of increase is just the beginning. However, from the perspective of a smaller cycle, there is currently a significant demand for structural correction. The bullish trend also needs to pull back and establish support. Furthermore, after the favorable news release comes to a halt, market sentiment begins to enter a digestion phase. The combination of these two factors creates a necessity for a correction. Therefore, during the evening and later this week, we suggest focusing on high short positions to look for pullbacks, with the short-term target for Bitcoin set at 74,000.
Recently, with the elections and Trump's victory taking shape, the bullish sentiment in the cryptocurrency market surged. After Bitcoin broke its historical high of 76,900, it began to oscillate at elevated levels. With favorable news continuously being released, most people have become uncertain about the market direction; bears are hesitant to enter, and bulls are reluctant to buy at high prices. In fact, this market mainly depends on individuals' arrangements and practices regarding the stage cycle. Taking Bitcoin as an example, the bull market is still fundamentally in its early stages, and this wave of increase is just the beginning. However, from the perspective of a smaller cycle, there is currently a significant demand for structural correction. The bullish trend also needs to pull back and establish support. Furthermore, after the favorable news release comes to a halt, market sentiment begins to enter a digestion phase. The combination of these two factors creates a necessity for a correction. Therefore, during the evening and later this week, we suggest focusing on high short positions to look for pullbacks, with the short-term target for Bitcoin set at 74,000.
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