In the morning, Bitcoin continued to surge higher, and the slight pullback during this period can be seen as a preparation for the rally. This rhythm was already mentioned by Lao Chen over the weekend: stabilizing above 79,000 and breaking through 80,000 is inevitable. After the bulls paused around 79,400 in the morning, and since there was no further upward breakthrough in the short term, Lao Chen directly adopted a bearish outlook. This view was perfectly validated as the price retraced to the lower support around 78,200, which was immediately achieved. Subsequently, the bulls used the pullback to continue pushing higher toward 80,000, resulting in a perfect win for both longs and shorts. In the morning, a short position on Bitcoin gained 957 points, Ethereum gained 36 points, then a low-buy signal was issued again, Bitcoin gained another 1,598 points, and Ethereum gained 44 points.

From the current market situation, after several days of correction and transformation of the structure, the bullish trend has become very clear. The earlier small-scale upward trend has evolved into a larger-scale trend. As a result, the bulls are becoming increasingly strong. Currently, the overall market volatility is relatively small, and there will still be a process of repeated correction and consolidation. Based on the current trend, the retracement is small and does not break support, indicating further upward movement is needed. It can be seen that the current structure has already formed a series of consecutive bullish candles. After breaking through the upper band, the market has stabilized above it. The market, after gathering strength, still has promising prospects for a rally. This afternoon, the strategy will start with a low-buy approach.

Bitcoin: 79,800-79,600, Long, target focus on 81,000
Ethereum: 2,350-2,330, Long, target focus on 2,480