We are busy every day, missing the spectacular sunrises and sunsets; in the city nights filled with lights, we miss the stars in the sky. We are exhausted by the pressures of life, and beauty seems to become unattainable. From now on, let's stop and use the soft parts of our hearts to rediscover this world, to find the beauty that is everywhere!

Unknowingly, Bitcoin has once again returned above $100,000. The updates on articles have been a bit lax recently, as there have been many things to deal with back home. Many times, I haven't had the time to closely monitor the market and have missed quite a few opportunities. This wave of market performance was indeed unexpected, especially after making a low-leverage short position at $95,500, and ultimately, during the rally, I had to exit at a stop loss above $98,000. It’s a pity that I couldn't adjust in time to catch the bullish trend. Looking back at the market, there are indeed news factors present, but there isn't any major news that particularly impacts the market. The result shows a strong breakout and rise, perhaps this is the charm of the financial investment market; you never know what will happen next, exploring the unknown.

Back to the main topic, let's first take a look at the market. From a technical perspective, Bitcoin's movement has indeed brought some surprises. Originally, there was a correction cycle at the daily level, but in reality, due to continuous breakouts and rallies, this correction cycle ended early, pushing the market above $100,000. From the current chart, all moving averages are showing an upward trend, indicating a strong bullish situation. It is important to note that in terms of technical indicators, there are several expectations. The MACD has entered a bullish cycle, but in terms of volume coordination, there is a clear top divergence structure appearing. According to the current market, to eliminate this top divergence expectation, the market needs to rally strongly again, likely breaking historical highs in the short term, or even far exceeding historical peaks, which seems quite difficult. Another possibility is a large-scale consolidation to relieve the pressure, or a direct daily-level correction to complete the repair. How it will unfold remains to be seen; the daily-level buffer is large, and the time cycle will be long, so we will just keep an eye on it. Additionally, the RSI has basically entered the overbought zone, which is something to be cautious about. Entering the overbought RSI will definitely lead to a repair expectation, and we need to see how strong it will be.

Another key factor affecting the market is the news front and market liquidity. Today is Saturday, and the Bitcoin market should not have particularly large fluctuations, so we will mainly discuss the news and liquidity issues. Recently, there has been a negotiation between China and the U.S. regarding tariff issues. It is impossible for both sides to completely stop trade, so negotiations are necessary. It depends on the means and concessions made by both sides. In my personal view, the negotiations will definitely not be resolved in one step, and the previous negotiation results are unlikely to be ideal. Under the influence of this news, will the market take advantage of it to make moves? There are also some unknown and uncertain news impacts, such as unexpected statements from former President Trump, which are completely unpredictable; we can only take it step by step. As for liquidity, after the recent strong rally, it seems that the bears have been completely subdued. Unlike the situation below $100,000, where bears were continuously liquidated and added to their positions, above $100,000, there is currently only a small amount of bearish liquidity around the $105,000-$106,000 range. It seems that after the bears were continuously liquidated, they have lost their strength as the market continues to rise. After this weekend, new liquidity may gather next week, and perhaps a new trend will emerge.

In terms of operations, currently, we can operate in the $101,500-$105,000 range, shorting near $104,000 and going long near $102,000, then wait until next week to make further arrangements.

Ethereum has finally started to improve. We mentioned earlier the timing of the Ethereum network upgrade. According to Ethereum's usual pattern, it has been weak for too long. It is very normal for there to be some performance when a hype point for an upgrade appears. There will likely still be some market activity, and for short-term longs, one can consider participating around $2,200.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and market conditions change in real-time. The information may be outdated, and strategies may not be timely. Specific operations should be based on real-time strategies. Feel free to contact and discuss the market.】

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