The key to a day is in the morning, and the holiday has quietly come to an end. Let's continue to showcase our ambitions in the crypto world! After providing a bullish outlook yesterday, Bitcoin's price surged to around 81,745 before stopping abruptly. Ethereum faced resistance at 2,398. It's not that prices aren't rising; rather, the market is beginning to move in a sideways correction. Our bullish outlook still leaves room for a thousand-point move, and low buying remains the main strategy.


Previously, we analyzed that the trend is mainly bullish, with the pattern revolving around an upward breakout of the daily upper trendline. In this slow rise and breakout pattern, the daily candles initially close with small wicks, indicating the market is maintaining a certain consolidation and correction. Time is exchanged for space, continuously accumulating energy. This is a sign that the market is about to rise and break higher. The previous sideways correction and pullback have already used up the space. If the next two trading days move higher, Friday will see an acceleration, and we may reach our first target of around 86,000 this week. A pullback will be observed at the end of the week. Today, we continue to maintain a bullish outlook, and trading should still follow the rhythm of buying on dips.
Bitcoin can be bought in the morning around 80,800-80,300, with a target near 83,000; Ethereum can be bought around 2,360-2,330, with a target near 2,480.
ETH-0.4%
BTC0.57%
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