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Markets always start in despair, rise during hesitation, and end in madness. Opportunities are fleeting; hesitation leads to defeat. Only decisiveness allows you to eat the gains. In the market, the biggest risk is not being trapped but missing out. Wealth is the realization of your knowledge. If you can't hold, it only means you don't understand; you don't deserve to own wealth that isn't yours. The intra-day strategy we provided again perfectly aligned with our expectations. Last night, we directly suggested going long. In the early morning and today, Bitcoin and Ethereum showed strong upward momentum. Bitcoin reached around 72,743, and Ethereum surged to around 2,273. Last night and this morning, Bitcoin successfully took profit at the 68,000 level, reaching the 70,000 mark and capturing a 2,000-point gain. Later, near the 70,000 level again, we added to our longs, and during midday, it rose to below 72,000, again successfully taking profit for another 2,000-point gain. Ethereum also made multiple gains, following Bitcoin’s trend, and easily secured 200 points.
Currently, the bulls are showing signs of slowing down, and the market is entering a consolidation phase. The key point is that the trend is slow, and the space is not very large. Therefore, selecting the right entry points while following the trend is crucial. In the short term, the sideways upward pattern still requires attention to whether the bullish momentum continues. Also, watch the strength of the pullback; if the pullback is small, look for long entries at lower levels for an upward move. If key levels are broken, follow the trend to continue looking for upward space. Currently, the four-hour chart shows weak pullback strength, with a trend of oscillating upward. In the afternoon and the near future, if there is a pullback, consider adding longs for an upward move. After reaching resistance, you can also opportunistically short for flexible responses.
In the afternoon, Bitcoin can be bought around 71,500-71,300, with the first target at 72,800.
Ethereum can be bought around 2,220-2,200, with the first target above 2,350.