After the overnight decline halted in the early morning, the price continued to rise in the afternoon. Starting from the early low of 84,408, it climbed all the way to around 88,366. Ethereum followed Bitcoin's upward trend, recovering from the early low of 2,772 to a high of 2,984. The bullish strategy mentioned earlier was once again perfectly validated. As noted in the morning, before the price breaks down, we should treat it with a sideways trend; if a breakout occurs, we need to learn to follow the trend. During midday, the price broke through previous resistance levels. The early morning long position at 85,130 was successfully closed at 88,500, gaining 3,370 points in a single trade, effectively doubling the position. The Ethereum long position at 2,810 was also successfully closed at 2,950, gaining 140 points, with a single trade earning 40,000 USDT. Before entering each position, I always have my own trading plan and methods to handle various market conditions. When the market moves, the reaction time given is limited, and trading is not about blindly guessing.

Currently, the moving average indicators still show an upward trend. The short-term market needs some time to consolidate to better facilitate a breakout. Looking at the 4-hour candlestick structure, alternating bullish and bearish candles form a bottoming and rebound pattern. The price has again recovered the upper boundary of the 4-hour channel. After a volume increase by the bulls, there is a slight pause, and the trend is accumulating strength for the next upward move. Overall, the main direction remains bullish. Although there was a temporary pause after the volume surge, this is only temporary; the market still has potential for further upward movement. The previous rally and quick pullback were within market expectations. The current technical structure shows a pattern of consolidation and correction with a slow upward trend, and indicators remain bullish. Therefore, in terms of trading strategy, it is still recommended to follow the bullish trend.

In the afternoon, Bitcoin around 87,500-87,300 can be directly bought, with a target of 89,500.

Ethereum around 2,920-2,900 can be directly bought, with a target of 3,030.