Consolidation is about gathering strength, and a pullback is an opportunity. The market has never experienced a meaningless fluctuation; all waiting is for a better breakout. After the US stock market opened in the evening, Bitcoin briefly surged to 78,500 and was resisted, then pulled back, with a low around 77,500. Currently, the coin price is still fluctuating around 77,600. The 77,500 level has been effectively confirmed during the decline, indicating that buying interest below is relatively active. The short-term double bottom pattern is beginning to take shape, and the bullish structure has not yet been broken. The bullish outlook confirmed yesterday is also validated. Currently, the real trading mainly focuses on short-term trades combined with swing trading, as yesterday’s market volatility was not large. Bitcoin long positions have gained over 1,700 points of space, and currently, Bitcoin and Ethereum still have swing long positions that are profitable and being held.

From the four-hour cycle analysis, Bitcoin closed a large bullish candle, quickly testing the previous high, then slightly pulling back. The current stage is in a high-level consolidation pattern, with candlesticks alternating between small bullish and small bearish. The market has not experienced a deep correction, which fully indicates that the bullish pattern is stable and the dominant force is strong. The current sideways consolidation is a resting phase during an upward trend. The overall upward trend remains intact. After the short-term consolidation ends, the market is likely to resume its upward momentum and challenge the previous high resistance level. Switching to the one-hour cycle, the price has also moved below the middle band of the Bollinger Bands, which are opening upward simultaneously, indicating that the short-term bullish momentum continues. The trading strategy remains focused on the core idea of following the trend and being bullish. It is recommended to buy on dips at key support zones below, hold patiently, and seize the opportunity for an upward breakout.

Saturday early morning Bitcoin: Long around 77,000, target 79,000

Saturday early morning Ethereum: Long around 2,300, target 2,400

$BTC #WCTC交易王PK