Yesterday's long positions were fully profitable. On Monday early morning, we reached our mid-to-long-term target at the 70,000 level. Although there was some downward pressure after regaining the level, the price has now retraced to around 68,200 and is consolidating. The market has entered a phase of testing the support structure of previous resistance levels. Whether a trend reversal from bottom to top can form in the future depends on this. A retracement does not mean the bullish trend is over.



Ethereum's price movements are generally consistent with Bitcoin, but the evening rally did not break through the key resistance at 2100. Currently, the price is again under pressure, retracing to around the 2000 level. There is still potential for a breakdown, so close attention should be paid to the strength of the retracement.

Regarding real trading, we entered a mid-term long position early Monday morning around 65,700. After the price recovered to the 70,000 level, the trend continued, and we did not exit. As the market made a second retracement, we exited around 69,500, capturing a profit of 3,800 points, which is quite substantial. Opportunities are for those who are prepared. You happen to need it, and I happen to be professional.

From the current market perspective, the daily chart's candlestick has broken through the recent resistance at the midline. After reaching the upper band, it pulled back under pressure. The daily candlestick shows a long upper shadow, indicating a correction after a rally. In the future, pay attention to the midline as a potential turning point for bulls and bears. The midline remains crucial for maintaining the bullish trend.

Looking at the four-hour chart, the moving average structure is quite tight, which suggests the market is about to move in a clear direction. The recent three consecutive downward candles have not indicated further continuation; instead, they found support at the key level of 68,200 and are consolidating. A correction does not mean the bulls lack momentum; it appears to be a buildup phase.

In terms of trading strategy, maintaining a low-buy approach remains appropriate.

Bitcoin can be bought around 68,000-68,300, targeting near 70,000. Ethereum can be bought around 1,980-2,000, targeting near 2,070. $BTC $ETH
BTC2,83%
ETH2,73%
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