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$BTC At the break of dawn, the Kongdan positioned by Shiwen has taken profit and exited successfully, netting nearly four hundred points of upside space again, and also bagging more than 9,000 barrels of oil! Technicals determine your entry level, the compartment determines how fast your heartbeat runs, and your mindset determines your final profit or loss. The cycles of up and down never end—there’s no need to be wildly ecstatic or utterly despairing over a single day’s moves. Follow the big-picture cycle, use multiple cycles to resonate—slow is fast, and only stability can go far.
Based on the current trading screen, the BTC four-hour chart has already ended the pattern of days-long low-range sideways consolidation. It has printed a series of consecutively increasing bullish candlestick bodies, suggesting that the downside momentum’s volume is basically all but exhausted. The long lower-wick follow-through at low levels has been fully converted into upward candles. The swing-trade center of gravity has turned upward and continues rising; the current upside structure is fairly clear. After the Bollinger Bands converge, they open upward; price has also stabilized above the middle band. The lower band at 63,000—this round’s pullback bottom—has been confirmed, and upside room is gradually opening.
Go long on BTC in the 64,700–64,200 range this morning, target around 66,000.
Go long on ETH in the 1,860–1,830 range this morning, target around 1,950.
From the current board, for BTC, the four-hour timeframe has already ended the pattern of range-bound consolidation at low levels for days. It has posted consecutive upward candles with increasing bodies, showing that the downside selling momentum has basically been exhausted. The long lower-wick continuation at low levels has all been converted into upward candles; the swing-center has turned and is continuing to move upward. The current rally structure is relatively clear. After the Bollinger Bands have narrowed and then opened upward, price has reclaimed and held above the middle band; the lower band at 63,000—the bottom of this round of pullback—has been confirmed, and upside room is gradually opening.
In the morning, go long on the BTC 64,700-64,200 range, targeting around 66,000
In the morning, go long on the ETH 1,860-1,830 range, targeting around 1,950