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The Bitcoin market has already completed its move, and today’s morning alert was to watch for a bullish trend. Bitcoin dipped to a low of around 73,669 in the morning, then rose to a high of about 75,539. The market is not moving in a straight upward trend but is instead experiencing a wave of oscillating upward movement. Our strategic Bitcoin long positions were also entered around 73,868, and we plan to exit when it reaches 75,318. The long positions have gained a profit of 1,450 points! Up to now, the first wave of the market movement has been completed. Hold your positions firmly, stay calm, and manage your trades steadily. The market is just like this—easy to trade if you know how, and it’s never just talk.
From the daily chart of Bitcoin, the price tested the 73,600 support twice, forming a successful double bottom foundation. The bottoming structure has been established, with a rising bottom pattern. The daily small bullish candle is pushing upward. Currently, resistance remains around 76,200, with support at 73,600. Tonight, observe whether the high and low points break through, and the larger trend direction can be followed at any time.
From the 4-hour chart, the price has stabilized above the Bollinger lower band, forming a bottoming rebound pattern. However, it is currently under pressure at the middle band, and the movement is slow. Even the upward correction has not effectively broken through the middle band. The middle band remains strong resistance. The three-line indicator is gradually converging and flattening. The gain or loss at the middle band will be a key point in tonight’s bulls versus bears battle.
Based on the current rebound strength, the price has not effectively recovered yesterday’s rebound high of 76,200. A pullback for consolidation may continue, but the volatility is large, and the rebound strength is significant. We can consider shorting near the middle band. If the price recovers yesterday’s high of 76,200, we can decide whether to re-enter long positions. All operations are based on actual market conditions.
Tonight, Bitcoin can be shorted between 75,300 and 75,800, with a target near 73,800; Ethereum can be shorted between 2,320 and 2,340, with a target around 2,220.