Observing ten times is not as effective as following once! Dreams won’t run away; it’s just that you haven’t chased after them. Turn waiting into creating, and rewrite “impossible” as “give it a try.” Taking action at this moment is the loudest response to the future. The intraday market still follows a familiar slow rhythm, but the bulls continue to dominate during the daytime session. After a dip, the market has shown a strong rebound. Yesterday, Bitcoin first dropped to the 89,368 level and then rebounded higher, with the highest rebound reaching 94,555. After Ethereum bottomed at 3,066, it also saw a strong rebound, currently reaching as high as 3,397. Since yesterday morning, our repeated strategy has been to buy on pullbacks. For the day, we went long on Bitcoin at 90,000 with a stop at 94,000, gaining a 4,000-point move. For Ethereum, we went long at 3,100 with a stop at 3,330, gaining 230 points. The market is so favorable that while you’re still struggling to find direction and your account is in shambles, others have already doubled their capital.

Currently, moving average indicators still show an upward trend. The short-term market needs some time to consolidate in order to drive prices higher. Looking at the 4-hour K-line structure, there are alternating bullish and bearish candles, forming a bottom and rebound. The price has reclaimed the upper band of the 4-hour chart. After the bulls increased volume, there’s a slight pause, with the trend accumulating strength for the next upward move. Overall, the main direction is still bullish. Although there has been a local pause after the bulls increased volume, this is only temporary, and the market still has potential for further gains. The previous rally and quick pullback were within market expectations. The current technical structure is showing a slow upward trend amidst consolidation, and indicators are still pointing up. Therefore, in terms of strategy, it is still recommended to follow the bullish trend.

On Wednesday morning, you can go long on Bitcoin around 92,400-92,000, with a target at 94,000.

You can go long on Ethereum around 3,300-3,280, with a target at 3,430.