Morning market update, Bitcoin first rebounded from around 883000 to a high of 89600 before falling back to a low near 87850, then rebounded. As of now, the price has been fluctuating around 89000. Ethereum synchronized with Bitcoin's movements, first rebounding from near 2990 to a high of 3060, then retracing the price down to a low near 2966, followed by a rebound, and as of now, the price is hovering around 3030. In the morning, Yang Jie clearly stated in the strategy that the main idea is to go long at low points. We are currently holding profitable long positions in Bitcoin and Ethereum.
From the current market analysis: The daily line has shown four consecutive bullish days, strongly advancing, with prices testing the middle band pressure of the Bollinger Bands, and the volume moderately expanding to confirm the continuation of the bullish trend. The four-hour technical pullback is controllable, without breaking key support, which is a healthy correction. The moving averages are in a bullish arrangement, and the MACD is strengthening above the zero line, stabilizing a medium-term bullish pattern. The prices in the larger cycle are running above the lower track of the upward channel, breaking through the previous consolidation platform triggers trend acceleration, and with fundamental support, the retracement space is limited. This afternoon's strategy focuses on buying on dips, paying close attention to the support at the lower track of the channel and key moving average layouts, with upward targets looking towards the previous high pressure zone and the upper band area of the Bollinger Bands. Overall, the current trend is expected to continue upward after a brief consolidation, and it is recommended to continue focusing on buying on dips after the pullback, with a key focus on the performance of the support area and the confirmation of breakout momentum.
Bitcoin: Layout long positions around 88500, target focus on 90000.
Ethereum: Layout long positions in the range of 2950-2980, target focus on around 3100.
