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Reviewing the entire trading session today, the market has been continuously rising from lows to reach an intraday high, then faced short-term resistance and pulled back for a correction. The overall market sentiment remains high, and the bullish trend has not changed. The long positions placed around 63,000 in the morning successfully gained 2,500 points. Currently, the pullback is just a normal pause during the upward movement. Maintain a calm mindset, wait for the pullback to stabilize, and continue to set up low buy positions.
From the four-hour overall chart, the bottom position of the market keeps rising, and the overall trading center is steadily moving upward. The medium- to long-term upward pattern is very solid. After a series of consecutive bullish candles, the price slightly retraced and oscillated. This is just a normal shakeout during the upward phase, not a trend reversal. The small decline now is caused by short-term profit-taking in the market. It is not suitable to chase orders at the current price level. Be patient and wait for the market to further pull back and adjust. Once the support area at the low levels stabilizes, enter long positions accordingly. After the correction, the market will continue its upward trend.
Bitcoin in the 64,000-64,300 range, target 66,000
Ethereum in the 1,730-1,710 range, target 1,800
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