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No matter what the market conditions are, do not try to catch every fluctuation during trading. Only earn the money you understand. The market is like a tide; the rise and fall follow certain patterns and signs. Be patient and wait for your own opportunities to succeed in the crypto space in the long run.
Wednesday’s intraday market was undoubtedly a day dominated by bulls. Bitcoin and Ethereum both showed strong upward momentum. Bitcoin started to strengthen after pulling back to the intraday low of 67,350, and in the afternoon and evening, the trend continued, reaching a high of around 72,630 before pausing to refresh the short-term high. Ethereum also rose from the intraday low of 1,943, with two additional surges in the afternoon and evening, reaching a high of around 2,109.
In the morning, we announced a bullish outlook in advance, with target levels given precisely. Following Brother Jin’s strategy, it was easy to take profits and secure gains. Our real trading guidance was also highly successful: Bitcoin and Ethereum both took profits. Bitcoin long positions from 67,600 closed at 70,000, capturing a 2,400-point profit; Ethereum long positions from 1,950 closed at 2,050, securing a 100-point gain.
On the four-hour chart, the market is in a stepwise upward trend, forming three consecutive large bullish candles that broke through the upper band. The current trend remains strong. However, this wave has a large space to unfold, and in the future, it will likely oscillate with some retracements. The pattern of stepping back after each surge will increase the volatility base, continuously hitting new highs while also experiencing quick pullbacks after local peaks. Overall, the market is still maintaining a gradual upward stepwise oscillation.
Currently, the short-term structure continues to rise, with limited expectations for a pullback. The bulls are strong, and all signs point to further upward momentum. Each pullback is an opportunity for bulls to enter, so maintain the strategy of buying on dips.
Wednesday midnight, Bitcoin around 72,000 can be directly bought, with targets at 73,500-74,000.
Ethereum at 2,080-2,100 can be bought, with targets at 2,200-2,250.