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Yesterday’s market was indeed impressive. After repeated back-and-forth tests, the bulls still came out on top. In the morning, price probed up to 65,000 but met resistance and pulled back; the low reached around 63,700. At this level, resistance pressure is clearly very strong, yet you can also see funds stepping in actively to take over and absorb it. Lin Tao also signaled a long at 63,800. In the evening, as expected, price surged again and tested the 65,000 area. Our long positions also took profit and exited, capturing 1,000 points of room. Afterwards, the market again met resistance and pulled back. In the evening, it continued to probe within the 64,000–65,000 range. In the early hours, the bulls finally started to exert more force and successfully broke through, probing up to 65,500 with a breakout that held.
But it’s obvious that bull strength is currently insufficient. At this stage, price is consolidating around 65,300. You can see that the bull trend has already dominated the chart, and any rally to higher levels is only a matter of time. Yesterday at midday, we laid out two long entries, totaling 2,000 points captured. Going forward, the thinking remains the same: if there’s a pullback, we should buy on the dip and continue to look higher.
From the daily chart, it’s very directly visible that the overall trend is biased toward the bulls. Every time price drops to test lower levels, it can’t really fall; there is a large amount of buy orders stepping in below to absorb and hold it up. The low points are continually being raised. On the 4-hour timeframe, you can observe that the coin price continues to consolidate and rise steadily, leaning on the moving average structure. The depth of pullbacks is getting smaller each time; every retracement quickly recovers lost ground. Bullish capital continues to enter proactively, which further confirms the continuity of the up move. Even if there were short-term consolidation and pullbacks in the middle, it doesn’t change the overall steady-up rhythm. The bulls’ staying power is very solid. Going forward, we will continue to hold the operational mindset of buying longs at low levels on pullbacks.
BTC around 65,000 ho target 67,000
ETH around 1880 ho target 1950#GUSD年化升至3.8% $BTC $ETH