A consecutive win brings new life, reminding everyone in the afternoon to prepare for a big move, with the market dipping as low as around 80,400, and providing a second chance. A surge in the early morning pushed Bitcoin directly to our strategic target near 82,000, once again perfectly confirming the analysis. The third wave of profit-taking for the students of the platform led to a profit of 20k in oil income.

The strength of Bitcoin is self-evident. Although the daily chart has been retracing yesterday’s gains, the speed of the decline is matched by how quickly it recovers. The daily candle closed with a long lower shadow, pulling the price back into the upward channel, near the upper trendline. The bullish trend remains dominant. However, as the price ratio continues to rise, the intraday volatility is also increasing. The strong tug-of-war with wide fluctuations shows that both bulls and bears have trading opportunities. It mainly tests the entry points of the platform; a poor entry can easily lead to a double washout of both sides. Following the trend, low buy-in remains the primary choice, with a breakout above the previous high followed by short-term shorts.
Bitcoin can be bought around 81,500 in the early morning, with a target near 83,000; Ethereum can be bought around 2,320, with a target near 2,400.