After a whole day of fluctuating upward, the price moved sharply downward in the evening due to the announcement of news, currently reaching a low of around 110714. The price is once again testing the key support level below, but has not broken through it. The trend remains strong, and it is currently operating within a narrow range of fluctuations. Although the space has not further expanded, the high-level consolidation correction limits the retracement space. This type of consolidation replaces the decline and continues to be a strong bullish consolidation. The short-term situation is also in a stage of accumulation, still hopeful to challenge the previous high of 113200. Yesterday, we repeatedly deployed bullish strategies, allowing us to capture a total of over 24000 points in BTC and over 180 points in Ether. The recent market conditions have been incredibly favorable; if one cannot handle even this simplest market condition well, it’s time to seriously reflect on one’s own issues.

The daily chart relies on short-term moving averages showing a rise and fall, while the weekly chart continues to form consecutive bearish candles with increasing volume, currently positioned in a medium-term strong upward trend. Therefore, short-term operations this week will mainly focus on buying on dips. The 4-hour chart relies on the middle band of the Bollinger Bands to form a strong bullish lifeline, showing a substantial rise and fall, and is currently retreating below the middle band. The current downward movement in the news is to correct and gather strength for the bulls in preparation for further upward movement. Although there was a rapid recovery at the end of the trading session, the overall trend is still a slow upward shape. After a series of rises on the hourly chart, there has also been a slight pullback, which is limited in space. Currently, the price has returned to around 111000; if it stabilizes at this level, there will still be a rise in the future. Conversely, if the closing price falls below this level in the next two days, the short-term trend will weaken. Subsequent short-term attention should be paid to the rotation of long and short positions.

At midnight, long positions on BTC are centered around 110800-110500, targeting 113500. Long positions on Ether are centered around 4270-4250, targeting 4400.