Shanhe Brother's Currency Analysis: A new perspective has been updated today. After the breakthrough of the previous high by Bitcoin, the overall market has entered a phase of consolidation and correction. However, the strong bullish trend remains unchanged, and there is still potential for a short-term upward movement.

Overnight, the price of the currency has not shown much movement. The current market situation has once again entered a period of oscillation and pullback, with limited room for movement. In the early hours, the price of the currency experienced a slight retreat under the pressure of the bears, reaching a low of 37550 before slowly recovering and reaching a high of 37920. Currently, the price of Bitcoin is trading near our overnight bullish layout point. Yesterday, with our precise layout, we led our friends to achieve a total gain of about 1100 points in Bitcoin and over 50 points in Ethereum.

Looking at the daily chart, Bitcoin formed a small positive doji candlestick pattern yesterday, consolidating at a high level after breaking through the previous high. Although the momentum did not continue and there was no increase in trading volume, there was a corrective pullback after the breakthrough, replacing the correction of various indicators. The overall market remains a strong bullish consolidation, and there is still potential for further upward movement during the day. On the four-hour chart, after the bullish volume, there was a consolidation and correction with a small bearish candlestick, maintaining the consolidation above the midline. The attempt to maintain the bullish trend remains unchanged. The corrective pullback followed by increased volume is a common pattern in bullish consolidation.

On Thursday, a direct long position can be taken for Bitcoin between 37500-37700, with an initial target of 38500. For Ethereum, a direct long position can be taken between 2020-2025, with an initial target of 2080.

Whether you are a novice or an experienced trader struggling in the market for many years, or seeking a stable and profitable trading method, or feeling confused about long-term, medium-term, or short-term investment and trading, you can find me to improve your practical trading skills and achieve long-term survival in the market.

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