Over the weekend, Bitcoin continued to trade sideways in a range while accumulating. Before Monday’s turning point, the price pushed higher to around 814, then quickly pulled back to the 802 level late at night, completing a round of liquidation of the front-row intraday long positions. In the morning, the market once again surged to the second-highest level of 824. After flushing out the shorts accordingly, the price fell back to around 808, near the weekend average price, and continued into the accumulation phase $BTC

Throughout this move, we consistently stuck to a bullish mindset. The public long orders we provided were at 795 for Bitcoin and 2265 for Ethereum, and we held and followed them all the way. After this morning’s rally to 824 and then the start of the pullback, I promptly reminded everyone to move the long position defensive level higher. The Bitcoin long defense was raised to 815, and the Ethereum long defense was raised to 2350. According to the trading plan, after taking partial profits on the Bitcoin long near the 795 bottom at the higher levels, when the price retraced to 815, the moving stop-loss was triggered, and this round of longs also wrapped up smoothly and successfully. The same also applied to Ethereum at 2350, where the moving stop-loss was triggered as well $ETH

Right now, the market is already around 81,300. Next, we’ll focus on setting up long entries in multiple zones around 792~797. If the market retraces into that area, we will enter longs in batches.

For those who want to act more aggressively: around 81,300 you can first open a small short position with a tight stop-loss. Place the defense around 82,000, and a stop-loss of 600 points is sufficient. For the short-term target, first look below 80k.

If the market experiences another pullback and reaches the short take-profit level, we’ll still follow the original plan and set up long positions in the 79200~79700 range.

My personal view is that this round of price action will first go through a push to break to new highs, and only afterward will the deep sell-off begin. As for the exact new high level, it’s not possible to predict it precisely right now. After the subsequent pullback successfully lets us catch the longs, I will update everyone with the subsequent long target levels. Just follow the rhythm and patiently build your positions.