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Reviewing the early morning market, Bitcoin started its rally from around 80,225, surging all the way up to the 82,400 resistance level, with a fluctuation of over 2,000 points in the range. Overall, it showed a pattern of initial surge followed by a slight pullback, forming a volatile upward trend. Ethereum's movement synchronized with Bitcoin, briefly pulling back from around 2,369, stabilizing at the support level of 2,310, then regaining strength to attack again, strongly breaking new highs to around 2,381, creating a linked pattern of pullback and rally. Yesterday and in the early morning, 'Jingquan' repeatedly indicated strategies to buy on dips. During the session, both swing and short-term positions were fully taken profit. Yesterday, two Bitcoin swing trades and two Ethereum trades were entered in the morning at 80,694 and 2,328 respectively, and exited at 81,824 and 2,363. The Bitcoin long position gained over 1,000 points, while Ethereum also captured nearly 40 points. Early morning, Ethereum was entered at 2,323 and exited at 2,363, gaining 40 points. Later in the evening, another Bitcoin long was entered at 80,788 and exited at 81,878, also over 1,000 points profit. Whether in previous live streams or market analysis, I have consistently maintained a bullish trend. Friends who followed the rhythm have steadily benefited from the market!
From the current chart, the four-hour overall strong pattern remains intact, with the bullish trend continuing upward. Buying strength keeps growing, with no signs of topping out or weakening. The overall market maintains an upward rhythm, with prices steadily rising along a strong channel, though there is some short-term resistance above. On the hourly level, the short-term upward momentum has slowed, and a slight pullback for correction is needed, but the overall bullish structure remains intact, and the adjustment should not be too large. In terms of operation, 'Jingquan' still recommends maintaining a trend-following low-buy approach. Market pullbacks are opportunities to enter, and continue to buy on dips.
Monday morning outlook for BTC: Buy in the 80,500-81,000 range, target 83,000.
Monday morning outlook for ETH: Buy in the 2,310-2,330 range, target 2,400.