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The crypto world is not about who runs faster, but about who survives longer.
Following the right people allows you to get in the car, sleep, wake up to collect profits;
following the wrong people can keep you awake all night in a waterfall, with your principal wiped out.
Recently, most of my long-term positions are focused on medium to long-term strategies, so I update less frequently.
The multiple medium to long-term wave ideas I shared last week are now gradually being realized.
Bitcoin has been rising steadily since it stopped at 74,868 at the end of last month, climbing upward,
currently reaching around 81,745, which hits the target of 80,500 for our wave strategy shared last week.
The mid-term target of 82,600 for Bitcoin is now within reach.
Compared to Bitcoin, Ethereum has been weaker, starting its rebound from the low of 2,218 at the end of last month,
now reaching around 2,398, with the 2,400 resistance repeatedly tested.
The bullish sentiment is quite strong, but Ethereum still needs volume to catch up and break through to open up space.
From the current market, Bitcoin on the daily chart is forming a third consecutive bullish candle,
with volume increasing, continuous positive closes, and a healthy upward trend.
It keeps hitting new highs without showing signs of stopping, and the daily structure has not shown a pullback or decline.
In the short term, it will likely continue to diverge and expand with volume.
Currently, the daily chart still shows strength.
During the daytime, a short-term correction is expected to continue with a slow upward movement after yesterday’s consolidation.
On the 4-hour chart, frequent reversals between bullish and bearish signals,
with higher highs and pullbacks step by step, forming a steady upward trend.
The pullbacks provide momentum for further highs and breaking through resistance.
Today’s trading remains mainly bullish.
On Wednesday, buy at 80,500-81,000 for Bitcoin, with the target first at 82,600.
$BTC $ETH Ethereum at 2,320-2,330 can be bought, with the target first at 2,450.