The morning market has basically ended. BTC tested the high point around 104949 in the early hours but faced resistance. This wave of long positions couldn’t break through the 105000 resistance level, and the pressure above is quite significant. Subsequently, the price fluctuated downward, completely pulling back the gains from the peak, and the price returned to around 103500, fluctuating again. This repeated the movement of yesterday’s white board. We suggested a strategy yesterday in the early hours to look for a pullback before entering long positions. The early morning movement was also in line with our expectations, and the long orders set up successfully captured over 1000 points of space before exiting smoothly. I wonder if any frens managed to seize this opportunity and accumulate their positions.

From the current perspective, yesterday's daily line ended with a small bullish K line, with elongated upper and lower shadows, indicating significant volatility in the intraday market. The long and short positions are engaging in back-and-forth battles. Today's daily line has turned bearish, and the momentum currently exhibited by the long positions is relatively weak, while the momentum from the short positions since early morning is quite strong, completely pulling back the space for upward movement. Looking at the 4-hour line level, BTC is still operating within a range. This pullback will bring the price down to near the middle track, which currently serves as a support level, making it relatively difficult to break it in the short term. Our bullish outlook remains unchanged for the midday operations, while the white market is currently undergoing oscillation correction with significant volatility. Both long and short positions provide good entry points, making the timing of entry particularly important. For wave positioning, we will still choose to enter long at lower levels and will make corresponding strategies based on the real-time situation.

　　You can open long positions on BTC in the range of 102800-103200 during noon, with a target around 104600. For ETH, you can open long positions in the range of 2600-2620, with a target around 2700. #PFVS Launchpad 认购开启 #ETH突破2700美元 #4月CPI数据公布 #BTC #ETH