This morning, the cryptocurrency price quickly rebounded after hitting the bottom, then entered a phase of ongoing tug-of-war between bulls and bears, consolidating. Currently, the price continues to fluctuate around 6.75. This trend aligns perfectly with the retracement and buy-in strategy I shared with everyone this morning. Those who followed along should have once again accurately grasped the market trend and benefited from this wave. The short-term trading approach remains as precise as ever. Long-term followers should notice that bold traders have been consistently making profits, while cautious observers can only watch others profit. The real trading ideas are always shared in advance, so keep paying attention.

Looking at the four-hour chart of Bitcoin, the rapid surge followed by a slowdown in the downward correction trend has eased. The long lower shadows on the four-hour candles indicate strong support around 67,000 above the midline. The slowing downward trend suggests the market’s correction and consolidation are nearing an end. From the current MACD histogram showing consecutive green candles, the market is still dominated by bulls. Combined with the slowly expanding Bollinger Bands, after the correction ends, there is still potential and momentum for further upward movement.

On the short-term hourly chart, the price has formed a bullish engulfing pattern, slowly breaking above the middle Bollinger Band. The price is again trading above the midline. The liquidity during the daytime has been gradually weakening, and with the Bollinger Bands narrowing, the afternoon’s consolidation range is likely to further contract. Overall, the market shows signs of a pullback after a rally, followed by a consolidation and buildup phase. Based on the candlestick patterns and structure, we remain bullish for the future. It’s advisable to wait for retracements to buy in and participate in the layout.

For Bitcoin, consider going long around 67,300 and watch for around 68,500. For Ethereum, consider going long near 2,010 and watch for around 2,100.