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The bullish sentiment in the early morning has once again been validated, and the strategic analysis was provided to everyone in advance; the market moves only later. If this doesn’t match Old Li's rhythm of oil painting, it might be time to stop and reflect on where you can improve. Yesterday morning, the price rebounded after briefly breaking below the 117 mark, but like a flash in the pan, it quickly rebounded. Our BTC long position has also been held; we entered long around 117205. The weekend market moves slowly, and when it rose to 118328 at midday, we exited, making a profit of 1123 points. The market is indeed easy to navigate; if you are still stuck in this circle, feeling aimless every day, it might be time to make a change. Perhaps one choice could open another door for your future.
BTC closed yesterday with a medium bearish K-line and a doji star pattern. The upward movement did not continue, but a rebound occurred immediately on the downside, leading to a broad range consolidation pattern. Structurally, it is still in a high-level consolidation phase. Currently, the daily line still shows a small bullish doji K-line, indicating that further consolidation is needed in the short term. Although ETH also formed the same pattern yesterday, experiencing fluctuations after reaching a high, it did not break the previous low and is still showing a medium bullish K-line upwards, although the upper shadow is relatively long, indicating a strong consolidation upwards. Currently, the daily line shows a small bullish doji K-line. In the 4-hour chart for BTC, after hitting the lower Bollinger band, a rebound occurred immediately. The previous mid-band support near the 118 level has now turned into resistance, but the price has recovered the 118 level, and it is currently moving in a range correction above. From the perspective of the pattern, the price is still in a strong phase, although the movement is relatively slow. A breakout of the mid-band may result in a slow upward movement with a squeeze. The future outlook remains bullish, and dips are still seen as buying opportunities.
BTC can be bought in the range of 118200-117700 in the afternoon, targeting near 119500; Ethereum can be bought in the range of 3570-3540, targeting near 3650. #比特币