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Wednesday early morning, the market plays out a familiar script! Bitcoin and Ethereum surged higher and then fell back into narrow fluctuations. Many friends bought high just before the pullback, likely feeling anxious as the market whipsawed. Bitcoin surged to around 81,745 in the early hours before turning back down, with the lowest dip to 80,651; Ethereum also hit a high of 2,398 last night before facing resistance, dropping to a low of 2,352. Watching the short-term correction, many panic, but upon closer inspection, the overall trend remains upward, and the weakness is just superficial; the bulls' confidence has always been there.
Let's use plain language to clarify the trend! From the daily chart, Bitcoin and Ethereum are steadily moving upward along support levels, with each low higher than the last, and each high continuously breaking through previous levels. The overall direction is clearly bullish, and the market is in an obvious upward trend. There's no need to fear each correction; they are just pauses in the rally. After a brief adjustment, the upward momentum resumes immediately, with no signs of a reversal. Looking at the 4-hour chart, it's even more straightforward: occasional small bearish candles are just minor pauses, and prices continue to advance steadily along the upward channel. Each pullback is shallow and quickly absorbed back into the rally, typical of a market with more gains than losses. In simple terms, in this kind of market, corrections are golden opportunities to buy and go long.
Buy around 81,000 for Bitcoin, targeting 83,000
Buy around 2,350 for Ethereum, targeting 2,450