Good market conditions never stay for long, and a bull market is certainly not a permanent feature of the market. If such opportunities are not firmly grasped, what kind of market conditions can one wait for to act again? The midnight market has once again seen a pullback. After a whole day of consolidation and correction yesterday, the price has once again declined at midnight, hitting a low of 102400, and then gradually recovering ground. The current price is around 103100.

From a daily chart perspective, the price is still oscillating between the middle and lower bands. This pullback has not changed the overall running structure, and it remains in an upward trend. The daily chart first shows consecutive bullish candles recovering previous losses, followed by a bearish candle that gives back part of the gains. However, it is visibly clear that the lower lows are continuously rising, indicating a strong short-term rebound momentum. Based on the current trend, there is still a possibility of continuation. On the 4-hour chart, the upper Bollinger Band has already opened up, and a mere wave of correction is simply not enough to change the overall bullish trend, let alone form a true reversal. Instead, it may create certain short-selling opportunities. Although the short-term structure seems to lean towards a weak continuation, this slightly weak trend can be entirely understood as a short-squeeze market, with the overall structure still leaning towards bullishness. In the absence of a rapid drop in volume, it is temporarily difficult to assert that the market has peaked. The short-term trend will likely continue this slow upward and roundabout pace.

In terms of operational suggestions, one can lay out long positions for Bitcoin in the range of 102800 to 102500, aiming for a target around 105000. For Ethereum, consider long positions around the range of 3415 to 3400, targeting near 3530. #美国ADP数据超预期