Everyone has a wish list in their heart, but they are always delayed, shelved, and left to rot in the attic of time. Perhaps sometimes, what we need is a little less hesitation and a little more courage. Looking back at Monday's market, the overall trend after the early morning dip to the low of 65569 was a sideways rally in the evening and midnight, forming a oscillating upward rebound. The bulls are not showing a strong upward trend but are creating a slow rise and short squeeze rhythm. The midnight Bitcoin rebound peaked at around 69498 before slowing down and facing resistance. Ethereum followed a similar pattern, starting from the early morning low of 1906, rebounding and recovering, also moving in a oscillating upward manner, with higher highs and higher lows. The current high is around 2052 before stopping. Our bearish outlook from yesterday was slightly off, but fortunately, we adjusted our positions in time, followed the bulls' pullback, and took a wave of long positions to recover losses.

The daily chart shows Bitcoin successfully closing above the middle band, with this rise presenting a overall oscillating upward trend. There is a clear difference between this and the extremely strong short squeeze at the beginning of last week and the extremely weak short squeeze at the end of last week. Due to the recent large fluctuations and tug-of-war in price movements, the market needs to undergo a correction phase, which is within normal range and expectations. Currently, the price repeatedly tests support levels with weakening rebound strength, indicating that support levels are no longer effectively supporting the price to continue rising. After multiple tests, the support's effectiveness is diminishing. In the short term, each pullback can be seen as bullish momentum and used as a secondary indicator. Overall, the market should be approached with a oscillating mindset, and each pullback is also a good opportunity to add long positions.
On Tuesday, Bitcoin around 68000 can be bought, with short-term targets at 69500-70000.
Ethereum around 1980-1990 can be bought, with a short-term target first at 2060. #PI #BTC #ETH