This is still a common adjustment signal. After yesterday’s sharp pullback, a sideways correction in the short term is also fairly normal. Although the short-term room has been compressed, in the market move from around midnight to the early morning, after price ran out a wave of pullback and then showed a rebound again, the adjustment pace is also quite clear: it fell, then pushed up, and after that push up, it entered another adjustment. While the recent thinking hasn’t been as precise as a few days ago—because short-term fluctuations change quickly—overall it has still been solid and achievable. In Bitcoin’s early-morning session, I picked up longs for the “big pancake” around 59500, exited near the 61100 area, cutting out the 1600-point range. Ethereum followed the “big pancake” and also provided a decent amount of room. Every intraday point of thinking has been made crystal clear to everyone. You must understand: only the standout in trading trends can be the first to grab the chance and “eat the first crab.” This afternoon, the bullish outlook remains unchanged. As for the targets and space, just watch them move along. For those who are on the sidelines, a slight pullback can directly be followed by going long, and set targets with a longer-term mindset!

From the current market conditions, after the “big pancake” 4-hour chart printed a sequence of bearish candles and pulled back, it recorded its first bullish candle for the first time. The low has already formed a clear floor, and there hasn’t been a further breakdown. Instead, it is slowly moving into a rebound and regaining ground. Structurally, after the early-morning candles pushed higher, they did not give too much in terms of retracement. The 4-hour chart is gradually moving closer to the middle band. The chart still has upside room. And since the Ethereum setup has slowed down somewhat, the recovery strength of the “big pancake” will be even greater—both in terms of time and space, the “big pancake” has room to move up. Ethereum’s chart looks very similar to the “big pancake”: candles continue to trade between the lower band, and as the Bollinger Bands tighten, the overall trading range has narrowed in the short term. Any further push higher still needs to correct and build up momentum. Ethereum will continue to consolidate and build up strength. As the pace slows down, don’t get greedy.

Thursday afternoon Bitcoin trading suggestion: 60600-60300 long, target 62800. Ethereum: 1600-1580 long, target 1700#0成本拿2股SK海力士 $BTC