On Wednesday, the overall market showed a strong fluctuating trend. The Bitcoin price strongly rose from the morning low of 90904 to a high of 93932 in the afternoon before stopping. The evening market entered a consolidation phase after retracing to the low of 91637. Ethereum's intraday trend displayed a strong unilateral upward movement, with the price strongly rising from the morning low of 2970 to the evening high of 3145. Yang Jie made two bullish layouts for Bitcoin and two for Ethereum during the day, successfully achieving both. The Bitcoin and Ethereum long positions initiated at 91175 and 2992 respectively in the morning exited at 92771 and 3061, with Bitcoin long positions gaining 1600 points and Ethereum long positions gaining 70 points. When the market again provided a retracement in the morning, we accurately re-entered Bitcoin and Ethereum long positions at 91256 and 2995, exiting at 93081 and 3060. Bitcoin long positions gained another 1800 points, and Ethereum long positions also gained 65 points.
From the current market structure, the daily level shows a two consecutive bullish breakout pattern, with the price above the middle band of the Bollinger Bands and pushing towards the upper band, forming a sound and steady upward pattern overall. Although the bullish candlestick body has a certain length of upper shadow, there exists short-term resistance above. However, the daily level's moving average system is in a bullish arrangement, and the indicators remain strong, providing a basis for the continuation of the overall bullish trend. On the four-hour level, the price entered a high-level consolidation phase after testing the pressure of the upper band of the Bollinger Bands. Although bullish momentum has temporarily slowed, bearish retracement strength is also limited, with the support structure below being more solid compared to the selling pressure above. In the absence of substantial reversal signals, the midnight trading strategy suggests continuing a primarily bullish approach, relying on key support levels for layout.
Bitcoin: Layout long positions in the range of 92000-92500, target focus on 94500.
Ethereum: Layout long positions in the range of 3080-3110, target focus on 3250.
