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Evening clear and focused thinking, clearly setting expectations. Pullbacks are just for better surges later. After a slight dip in Bitcoin to the 78,128 level, it paused, then moved sideways for correction. Once the correction ended, there was no unexpected decline, and Bitcoin surged again past the 80,000 level, reaching a high of around 80,528. The evening strategy mentioned going long at 78,500, which already gained 2,000 points as expected. The Ethereum long position at 2,320 had over 60 points of room to reach the high of 2,382. Everything was just right, even providing precise retracement levels for everyone. If not, then the strong market trend isn’t deep correction; if it were a deep correction, it wouldn’t be a strong trend. Currently, the rhythm remains unchanged—keep charging forward boldly.
The daily chart relies on short-term moving averages, showing a one-sided strong upward trend, continuously forming consecutive bullish candles with increasing volume. It is currently in a medium-term strong rally. The daily large bullish candle stands above the mid-range zone, breaking through resistance above and continuing strongly, reaching near 80,590. The short-term small bearish candle shows signs of retracing to seek support. Usually, in a strong trend, the price retraces and recovers on the same day. The daily close remains high, keeping the short-term bulls strong. It’s still a rebound after a surge, so watch whether the upward momentum can continue. After a rally, the market is in a correction phase. Keep in mind whether it can maintain the surge rhythm.
After a series of bullish moves on the 4-hour chart, it remains at high levels, currently oscillating back and forth in a choppy manner. The current market does not show signs of reversal; it’s still in the continuation phase after the rise. The trading approach remains to go long, viewing retracements as opportunities, not trend reversals. Until key support is re-established, avoid short positions. Following the trend is the most reasonable choice at this stage.
On Monday midnight, Bitcoin can be bought at 79,300-79,000 with a target of around 81,000. Ethereum can be bought at 2,320-2,300 with a target of around 2,450.