After this intraday consolidation, Bitcoin also gradually declined in the evening, but through recent market movements, it’s not hard to see that each dip is accompanied by a certain rebound. In the afternoon, Bitcoin rose to around 81,270 but was pressured from above, and in the evening it fell back again, currently touching a low of around 79,801, the same level as yesterday’s low. The market space is currently compressed, making it difficult for bulls or bears to establish a dominant trend; it’s basically oscillating within a range. Therefore, in the short term, the strategy is mainly to trade around the lows and highs. Today, within this range, we also chose to short at the highs. Bitcoin’s evening decline hit the 1,000-point space as expected, and Ethereum dropped nearly 40 points. Whether it’s a single-sided rise or fall, only when you immerse yourself in this trend and achieve some success will you realize how tough it is to fight alone every day.

From the daily chart perspective, the bullish momentum still exists. Currently, on the four-hour timeframe, the trend remains in a high-level oscillation. After a strong rally, the pullback’s strength and continuation are not very large, leaning towards maintaining a high-level oscillation and correction in the short-term trend. The downward space today may not be too significant. After such a rapid rally, when trading the correction, it’s important to pay attention to adjustments and corrections on smaller timeframes. Once the correction ends, we will mainly focus on long positions.

Tonight, Bitcoin is expected to go long around 79,800-79,600, targeting 82,000. Ethereum is expected to go long around 2,255-2,235, targeting 2,400.