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Yesterday, both BTC and Ether rose simultaneously, and by midnight, BTC once again broke through the 120,000 mark, while Ether reached around 3,420. Recently, Ether has completely not followed BTC's direction; when BTC falls, Ether rises, and when BTC rises, Ether also rises, forming a stark contrast. Therefore, we have no reason to miss this round of rise. Although we didn't take all the profits, there was still a space of 2,300 points to take profit from the long position at 117,500 for BTC, and for the long position at 3,100 for Ether, there was a space of 300 points to take profit. This is the result of following the trend, which is what we have always adhered to; we will not go against the trend. I believe those who are stubborn will end up in serious trouble.
Let’s first take a look at the daily chart of BTC. The continuous rise in recent days has already broken through historical highs. Although there have been bumps along the way, the upward momentum cannot be stopped. It has been steadily climbing, thus reaching new historical highs. On the daily chart, the pullback is completely an opportunity for bears to exit; if they miss it, they will be left behind. On the 4-hour chart, after forming a new high in the past few days, BTC also experienced a pullback of about 8,000 points. However, it did not continue to move downwards but quickly rebounded. Currently, it is being held back by double bearish candlesticks, but this is temporary; further upward movements are still expected. In the short-term trend, after the rise, there was also a quick pullback, but from the current upward trend, there has not been a change. The market is still predominantly bullish, so the main strategy is to buy on the dips.
BTC long at 117600-117000, pay attention to the 120000 level, Ether long at 3300-3260, pay attention to 3400.
#PI# #BTC# #ETH#