This morning, the market once again exhibited a "painting the tape" trend, with bulls and bears washing out positions (a common tactic of market manipulators). Our updated strategy of buying on the pullback was implemented, and although the Bitcoin target of 107,000 was reached, it was unfortunately swept away by a spike, which is quite regrettable.

Currently, after the weekly K-line update, the indicators are severely overbought following six consecutive bullish candles, and there is a gap of several thousand points between the price and the MA5-day moving average. Therefore, we expect a pullback this week to solidify the support base around 100,000-98,000. As long as the weekly K-line level does not effectively break below the key support of 100,000-98,000, we will likely see another rebound in the latter half of this week.

On the daily chart, the K-line alternates between bullish and bearish, and the MA5 and 10-day moving averages have flattened out again. Due to the daily high opening and low closing, the MACD indicator has turned from red to green, and the KDJ three lines have crossed downwards, leading to a certain lag in the indicators. Looking at the 12-hour chart, the price quickly rebounded after touching the lower band, and the MA30-day moving average continues to rise, providing some support around 102,000 in the short term. As long as Bitcoin does not break below the short-term support of 102,000 with significant volume, we will see further consolidation. However, if it breaks below 102,000 with volume, it will confirm a one-sided retracement on the daily chart, making it only a matter of time before it reaches the 100,000-98,000 weekly K support.

On the 4-hour chart, a large bearish candle fell this morning, and the indicators are severely oversold. The MACD and KDJ indicators are leaning towards a bearish resonance downtrend. Judging from the hourly chart, the current short-term bearish sentiment is contracting. After Bitcoin touched the short-term support of 102,000, there are signs of a short-term bullish rebound, with resistance levels around 104,000-105,800. Therefore, we can adopt a strategy of buying low and selling high from noon to evening.

Trading strategy: Buy at 102,300-101,800. Target: 103,500-104,000. Stop loss: 101,400. The short-selling strategy will be updated in the evening after a rebound.

Ethereum's recent performance has once again become lackluster, with the daily K-line forming a three-wave downward pattern. However, the short-term trend is basically in sync with Bitcoin, with resistance levels around 2,480-2,550. Therefore, we can also adopt a strategy of buying low and selling high from noon to evening.

Trading strategy: Buy at 2,350-2,320. Target: 2,420-2,480. Stop loss: 2,300. This is expected to be sufficient for the short-term trend, and we will continue to follow up later.

Personal views are for reference only. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be based on real-time guidance. Please exercise caution when entering the market. Analysis is not easy, and likes and follows on the public account are appreciated for surprises!

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