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Monday, the market opened higher and all gains were realized. Can we still chase?
Everything is as we discussed in our Saturday article: the market opens higher at the beginning of the week, Bitcoin once again surges to the 79,500 area to test resistance. If you followed the bullish strategy, you've already gained 2,000 points in this move—comfortable and confident.
Whether you can still go long now, the answer is definitely yes, but not blindly chasing the high. Short-term trading still requires timing. As mentioned before, before major data events like the Federal Reserve rate decision, the market tends to rise first and then fall. After Thursday, a reversal is expected.
The daily chart shows a stepwise upward structure, with three consecutive bullish candles. Continuous bullish momentum indicates strength. After two days of sideways consolidation, the breakout with volume has strong continuation potential. The current strategy is simple: buy first, then sell. During the Asian and European sessions, a slight pullback can be used to go long. During the US session, look for a high above 80,000 to short again.
Suggestion: Buy in the 78,500–79,000 area with a target of 81,500. Enter lightly and reserve some position for topping up.
Ethereum: buy in the 2,350–2,385 area with a target of 2,480. Enter lightly and reserve some position for topping up.
First, finish this volume-driven move, then plan for long-term shorts. Steady happiness is the goal—it's always there. Those who understand, understand.