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The market is like a great river, turbulent and never-ending. Every trader is akin to a person sailing in this river; flowing downstream allows for quicker arrival at the destination, while going upstream not only consumes more energy but also risks capsizing. The market is ever-changing, and an excellent trader needs keen insight to capture every subtle change in the market. However, when they ignore market trends and act stubbornly, they are often swallowed by the market's giant waves.
The overall trend in the evening is still in a state of oscillating downward. After a rise to around 104000 in the afternoon, it also experienced a certain pullback due to the influence of the resistance level above. Multiple increases were also accompanied by pullbacks, with the main focus of the day being on the rhythm of pullbacks, reaching a low of around 94500. The pullback was also influenced by the pressure level above. Throughout the day, we generally set a bullish strategy, focusing on high short positions and low long positions, which provided us with over 3000 points of space in Bitcoin and over 200 points of space in Ethereum. During this period, there was seamless coordination between long and short positions. Understanding the trend is certainly important, but it also requires precise control of the levels.
After the overall trend strengthened during the day, there were corrective pullbacks appearing back and forth, but ultimately stabilizing above 95000 and rising multiple times. This is a continuation of the strong trend, so in the evening session, we can only go long in accordance with the trend. Going long definitely does not mean waiting for a pullback to enter; from the four-hour perspective, the support at 94000 is already showing significant support. Waiting for a drop does not have much meaning, and if it truly breaks below 94000, going long would also be meaningless. Therefore, we are bullish and looking to go long, and clearly, the smaller the pullback, the better. Additionally, the four-hour high-level consolidation continues, and the short-term pullback has already occurred, which will inevitably be followed by a surge in price.
At midnight, go long directly around 95200-95000, targeting 97000. For Ethereum, go long directly around 3150-3130, targeting 3260.