The overall market trend still aligns with the forecast; yesterday's pullback exceeded expectations, with the market quickly dropping to a low of 74203, but the bulls launched a strong counterattack, rapidly recovering lost ground and returning above 77000, reaching a high of 77427.



Previously, I repeatedly advised friends entering long positions that patience is key; holding positions is ultimately crucial to capturing market profits. Yesterday, I set up long positions around 76000, with two additional buy-ins raising the average cost to 75500. Despite a deep correction, I did not exit at a loss, steadfastly holding my position until now. Bitcoin successfully gained nearly 2000 points in profit, while Ethereum also secured close to 100 points in gains.

From midnight to early morning, market volatility intensified, with a short-term dip stabilizing before another upward move. Currently, the market's rise and fall are rapid, with quick switches between gains and losses. Short-term trend reversals are normal; quick declines paired with strong rebounds indicate that simple time adjustments are no longer sufficient. On the weekly chart, Bitcoin's upward trend remains solid, with volume breakthroughs just beginning. There is ample room for upward movement above, and short-term pullbacks do not change the overall bullish trend. Focus closely on the 80,000 resistance level.

The short-term dip has completed a bottom support confirmation; intra-day, a second pullback is likely to reinforce support. Trading-wise, continue to follow the strategy of buying on dips.

Sunday morning setup reference:
Bitcoin: Long positions in the 76,300-76,500 range, targeting 78,000$BTC
Ethereum: Follow-up long positions in the 2080-2100 range, targeting around 2230$ETH
BTC-0.64%
ETH-0.57%
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BornForAmerica3913
· 05-24 02:21
According to Jin10, on May 24th, Serbian President Aleksandar Vučić met with Chinese Ambassador to Serbia Li Ming before his visit to China. Vučić described his upcoming visit to China as the most important in his political career and expressed hope to strengthen bilateral relations and expand mutually beneficial cooperation.
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