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There are no impossible markets, only ones you haven't thought of; the market is simple, human nature is complex; the fluctuating prices are the market's prices; value is an eternal mystery without a solution; technology is easy to learn but hard to master, concepts are easy to understand but hard to teach.
The overall rhythm of the last two days of the week was still relatively in line with expectations; yesterday, I suggested a rebound short and warned everyone not to over- chase the short; exit promptly at the target level.
Bitcoin short position was perfectly closed with a 1,000-point profit; today, I suggested a pullback to go long, with Bitcoin and Ethereum entering the market simultaneously, then the rebound brought everything back, all taken down.
Bitcoin directly reached 73,000, gaining 2,000 points; Ethereum directly reached 2,246, gaining 150 points.
The rhythm at the end of the week is like this, mostly laying the foundation for the subsequent direction; after the bears' selling pressure decreases, the resistance from the bulls will also lessen.
Compared to the space for a rally, the current pullback space is still defined as a correction rhythm that does not change.
The daily chart, after confirming support during the pullback, saw a strong rebound; the magnitude was quite large.
After breaking higher, it formed a rising trend with no retracement correction, using time to exchange for space in the correction.
The strong bullish trend is one-sided, breaking the normal downward structure of the bears.
This is also the main reason I suggested yesterday to buy after the short, and again to chase the long.
After consolidation and accumulation on the small timeframe, it continued to rise with consecutive positive candles.
Currently, it is still a large bullish candle in full continuation; minor pullbacks are just steps, and following the trend long is enough.
Stick to simple things and do them consistently; don’t let small adjustments affect your trend judgment.
Today, continue to go long and look for breakouts.
On Friday night, focus on buying Bitcoin around 72,000-71,800, with targets near 73,500;
Ethereum focus on buying around 2,200-2,180, with targets near 2,300.