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We are never short of opportunities; what we lack is keen insight into opportunities, precise judgment, courageous attempts, perseverance, and unwavering confidence. Success begins with trusting oneself. The market movement on Wednesday was relatively slow, with most of the time the price fluctuating within a small range. In the evening, Bitcoin experienced a slight pullback, touching the 68932 level before the bulls launched an attack. It currently reached a high of 71060, once again surpassing the 70,000 mark. Ethereum's intraday movement showed even smaller fluctuations, also consolidating and preparing for a breakout. After touching the 2005 low, it paused and rebounded in the evening, reaching a high of 2081.
On the daily chart, Bitcoin shows a pattern of three consecutive small bullish candles, continuing the rebound after adjusting near the midline. The bottom support continues to build an upward platform. On the four-hour chart, the K-line broke above the upper band but encountered a series of bearish corrections, finding stable support around the midline. The Bollinger Bands are opening upward, making the midline a key defense line in the short term. Meanwhile, the short-term bottoming momentum is nearing its end, indicating a brewing rebound in the market. From a small cycle perspective, the upward channel remains steady, with the market showing a gradual recovery accompanied by moderate corrections. This rhythm suggests there is still room for upward movement. The current short-term pullback is a technical adjustment, not a sign of structural change, so it is still recommended to enter long positions during the pullback and seize rebound opportunities!
On Thursday early morning, Bitcoin can be bought at 69500-70000, with targets initially focusing on 71500-72000. Ethereum near 2020 can be bought, with targets around 2100-2150. #PI #BTC #ETH