Saturday Early Morning Bitcoin and Ethereum New Trading Strategy

Official Account: Gao Jin Lun Bi

There are no forever bulls or perpetual bears in the market. At different positions and stages, you must operate accordingly. Holding onto rigid beliefs and stubbornly pursuing one direction could mean one market move sweeps you away. We must respect the market, follow the market, and adapt to the market. Friday was once again a bloody day. Since Wednesday evening through Friday morning, Gao Ge repeatedly emphasized a bullish outlook, and the market delivered as expected. Bitcoin started rallying near the 70,000 level in the morning, providing bears minimal resistance throughout the day. After consolidation during daytime hours, bulls surged strongly in the evening with powerful continuation, currently touching 73,870 as the highest point. Ethereum rallied from around 2054 in the morning, similarly consolidating during daytime, then rising in sync with Bitcoin in the evening with continuous breakouts, currently touching 2209 as the highest point. For today's layout, both Bitcoin and Ethereum reached their take-profit targets. The longs entered near 71,300 in the morning and 2111, with take-profits at 73,000 and 2200, capturing 1,700 points and 89 points respectively. Both take-profit levels perfectly aligned with our early morning strategy article target points—can only be described as precise.

From the current market structure, Bitcoin's daily chart continues strengthening, breaking through the upper band again. Market momentum is exceptional with strong upside energy. Daily consecutive positive candles show increasingly clear unidirectional movement. On the 4-hour level, the uptrend momentum remains strong with brief and limited pullbacks. Bulls repeatedly break new highs with volume-expanding positive candles, showing signs of continuing to test the 74,000 level. Short-term rallies are swift with slow corrections, clear rhythm. On the hourly level, the Monday low of 65,569 combined with strong support forms ladder-like oscillating ascent. After each minor pullback, bulls quickly recover. The future trend and rhythm are expected to continue. Maintain a bullish outlook going forward. After pushing higher to form new highs, be cautious of pullback after surge—can first observe price action; if retracement is limited, follow the momentum and add more longs.

Saturday early morning, Bitcoin near 71,800-72,000 can directly go long, with targets first focused on 73,900 and 74,500.
Ethereum near 2,100-2,120 can directly go long, with targets focused on 2,210-2,250.#PI #BTC #ETH