In the afternoon, the price is still in a slow rebound recovery. After stepping back to the support level of 111500, it rebounded again and currently reached a high of 112163. The long position suggested in the afternoon has over 600 points of space for short-term gains. Ethereum also fell back before surging again, giving more than 40 points of rebound space after a short-term pullback to 4086, currently peaking at 4121. The strategy has been publicly disclosed in advance; if you hold on, you will welcome the light. All the previous difficulties are paving the way for today. The rhythm is still the same as I said in the morning: if you want to go long, do it at a high position. Waiting for a retracement or a good entry point is clearly unrealistic.

From a technical structure perspective, after breaking the high, a unidirectional structure has formed. While reaching a high, the significance of the indicator moving averages has diminished. Next, we will look at the methods of correction, which can be of two types: one is a pullback correction, and the other is a time-for-space consolidation. Personally, I believe the probability of the second method is higher. Moreover, the large-scale doji has not brought about a reversal but rather a continuation signal. Therefore, the available space will be relatively large, and within the small cycle, there is basically no reference significance. In the afternoon, we will continue to follow the long positions and observe the continuation of the bullish momentum in the afternoon and evening.

In the afternoon on Monday, focus on buying Bitcoin around 111800-111500, with a target around 113500. For Ether, focus on buying around 4100-4080, with a target around 4200.