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The evening market and the overnight market saw Bitcoin first rebound then face resistance and fall back. After breaking through the short-term high of 82,828, the price maintained high-level oscillation, with a small downward correction within the short cycle, then rebounded again in the morning, touching a low of 80,929. This formed a oscillating cycle pattern.
Ethereum also did the same, reaching a high of 2,422, then simultaneously correcting with a pullback. Currently, the highest touchpoint faces some resistance.
Yesterday, Lao Chen provided a direct bullish idea: Bitcoin was positioned around 81,000 for a long entry, then exited near 82,500, capturing a 1,500-point gain. Ethereum entered at 2,360, gaining about 80 points.
The daily chart still shows a continuous bullish pattern, and it has once again stabilized at a high level and broken through previous highs. After the daily candle closed bullish, the price remained high, oscillating at high levels. Currently, this shows a very strong performance. Such a pattern often completes correction through high-level oscillation, which is a time correction, because the bulls are too strong to give a large pullback opportunity.
The four-hour chart also recovered above the midline, with previous price dips stabilizing and consolidating before a continuous upward move. It is still a strong bullish candle, with the indicator showing a golden cross after correction, indicating ongoing upward momentum. The strength is evident; just follow the trend to go long.
Simple things should be persistently done; don’t let small adjustments affect your trend judgment. Yesterday’s rebound has formed a strong bullish pattern. However, a subsequent oscillating upward movement cannot be ruled out, so the focus remains on a bullish setup.
In the morning, Bitcoin was traded around 81,200-80,800, aiming for 83,000. Ethereum was traded around 2,320-2,300, aiming for 2,450.