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Strength is not just empty talk, nor is it bragging about profits; strength is meticulous thinking combined with strict execution, going out with a goal, returning with results.
There is no market that cannot make money, only trades that cannot be held onto for profit.
When others are profitable, you may be at a loss.
Next, you might as well chat with Lao Chen; forming a connection starts with reading, recognition begins with adding, trust starts with experience, and profit begins with copying trades.
As long as you're willing, Lao Chen will not let you down.
In the evening, Bitcoin's price movement has limited volatility, still in a short-term oscillation and tug-of-war.
In the morning, it seemed to break above resistance, but in the afternoon, it retested lower again.
In the short term, after pushing towards the high again, it faces resistance and forms a oscillating cycle within the day.
Actually, recent market behavior is mostly like this: rising high accompanied by pullbacks, pullbacks accompanied by rises.
No matter how it changes, as long as the support below is not broken, the short-term trend remains bullish.
From the current market situation, the space belongs to a strong sideways consolidation correction method.
The daily and weekly charts are expected to break higher and continue upward.
Pay attention to the volume increase after this short pause and consolidation.
After continuous consolidation, it becomes a volume release point in time.
The duration of consolidation in a strong trend usually does not exceed three days.
On the 4-hour chart, after rising, the bears retreat for consolidation;
short-term retracement is just to gather enough momentum for the bulls' next surge, allowing indicators to be corrected.
In the next couple of days, a continued high-level consolidation is possible;
a retracement is also a small pullback for confirmation.
The continuation after a strong rise depends on the market form during correction;
if the correction is strong and directly leads to new highs, then the long positions need to be readjusted.
The main trading idea is to buy on pullbacks.
Trading Suggestions
On Monday midnight, around: 81,000-80,800 for Bitcoin, consider buying, with the target first at 83,000.
Ethereum around 2,300-2,280, consider buying, with the target first at 2,450.