Morning Thoughts

In terms of technical patterns, the weekly and daily charts have already shown an upward trend, and the bullish momentum remains strong. Currently, it is just a phase of temporary correction and consolidation. After a significant rally, entering a correction cycle is a normal market behavior.

This time, the market is consolidating sideways with horizontal fluctuations instead of deep pullbacks to confirm support, unlike previous sharp declines. Therefore, for long positions at this stage, either enter the market at the current price following the trend or wait for a slight pullback to add. Relying on a deep drop to re-enter is unlikely, which is a key reason many investors miss out on the rally.

Currently, there are no signs of a top in the market structure. Do not blindly guess a top. The overall trend is more likely to resume after a strong consolidation, with the main trend direction already clear. The only thing to consider carefully is the entry point.

If the market fails to show a significant rebound overnight, the long entry points in the morning should be slightly lowered to expand overall profit potential. Those who already entered long positions overnight can hold with confidence. The overall intraday strategy remains focused on low buy-ins.

Trading Suggestions

Bitcoin: Enter long positions in the 81,000-81,500 range, with a short-term target of 82,500, and a medium-term outlook of 83,000.
Ethereum: Enter long positions in the 2,300-2,320 range, with a target of 2,400.