Early morning market surged to a high of 64,100, then gradually declined with fluctuations, with the lowest dipping to 63,100 before stabilizing and rebounding. The rebound faced resistance and closed with a bearish candle. In the morning, the market moved sideways slightly for consolidation, overall in a high-level oscillation digestion pattern. Yesterday, all our long strategies were successfully executed: the first wave at noon gained nearly 700 points, the long positions set up in the afternoon gained another 600 points, and two long trades in the evening each gained close to 800 points. Throughout the day, longs gained nearly 3,000 points. New members who joined yesterday saw their first two trades net nearly 10k yuan profit. The market fluctuated significantly all day. To steadily profit in such volatile conditions, strong execution is essential. The market is filled with noisy analysis voices that can easily disturb judgment. Everyone need not look around and waver; just follow my rhythm and focus on execution. Stable profits are never achieved by lucky following; with a firm strategy and strict implementation, you can avoid chaos and protect your profits.
From today's technical analysis of the current market, after surging to 64,100 early this morning, Bitcoin pulled back to the support at 63,100 and stabilized. The market entered a high-level consolidation, and the pullback was merely a shakeout after the rally. The overall bullish trend remains intact, with sufficient support below. The operation should focus on going long; as long as the support at 63,100 holds, you can enter long positions expecting a rise. Maintain a bullish outlook as long as the 63,100 support is not broken. You can go long directly at the current price.
Trading suggestions: Bitcoin is recommended to look for long positions around 63,200-62,700, with targets near 64,400. Ethereum is recommended to look for long positions around 1,685-1,665, with targets near 1,745.