Small market movements again! Since midnight yesterday, remind everyone to set stop-loss levels at our pressure points when shorting. Listening to advice and eating well is important; how can one do well with a stubborn attitude? After Bitcoin hit the stop-loss level early yesterday morning, we analyzed the current market situation in a timely manner. The breakthrough of the pressure level has already formed a top-bottom rotation. We also reminded everyone in the morning that the pattern had changed. We do not recommend buying Bitcoin around 104426; instead, wait until it rises to 106309 to exit. This trade yielded a gain of 1883 points. There’s no need for excessive operations after losing the stop-loss; maintain a good trading mindset, and just focus on one trade!

After four days of wide-range consolidation, Bitcoin finally stabilized below the daily Bollinger lower band and repeatedly tested the support below, successfully forming a bottom. It then rebounded, showing a bottoming reversal pattern. The daily chart has two consecutive bullish candles, breaking through a long-standing resistance level. Ethereum has formed a similar pattern, currently still some distance from the daily midline, indicating there’s still room to go higher. Combining yesterday’s early morning and today’s market movements, the 1-hour chart shows a stepped upward trend, with consolidation and buildup for further rise. This is a typical bullish pattern where volume increases during breakouts. We just need to follow the market rhythm: buy on dips. Whether the market can continue to rise strongly depends on whether the daily midline is recaptured.

In the afternoon, Bitcoin can be bought around 106,000-105,500, with a target near 107,500; Ethereum can be bought around 3,600-3,570, with a target near 3,700.