Ethereum breaks through 2,550, strongly rises to 2,646
Looking back at yesterday's Ethereum market, the idea I presented was: Ethereum fluctuates around 2,500, 2,510; if the trading style is aggressive, one can consider participation directly; if it's more conservative, then wait for a break above the key level of 2,550 before following the trend.
From the daily structure, Ethereum had been in a fluctuation box between 2,400 and 2,550, and finally, a strong breakthrough occurred yesterday. Even though the price has moved away from the 2,510 range after the analysis was released, the overall thought remains largely unaffected.
Subsequently, Ethereum continued to rise, peaking around 2,646 early this morning, close to 2,647. Currently, there is a slight pullback in price, but overall bullish strength remains very strong.
From the Fibonacci structure, the previous downward measurement has served its reference purpose. The price repeatedly tested the 0.618 level without further decline, and after consolidating, it started to rebound again, which is a relatively obvious signal of strengthening.
Re-measuring this round of increase, we can see that the price has successively broken through key levels such as 0.886, 1.618, and 2.618, and continues to move upward after the break. The current price has reached around 3.618 and has experienced slight breakouts and pullbacks.
Next, two situations need to be monitored:
If there is a significant drop near 3.618, one can wait for a stable pullback before considering participation.
If the price can stabilize above this level again, there may still be potential for further upward movement.
Overall, yesterday's rise in Ethereum has validated the previous bullish idea, and the current short-term remains strong, but entering at high positions requires more caution.Daily sharing of real-time trading strategies, providing free position diagnostics, liquidation ideas, and practical market insights. Scan to follow the official account.《Bright Star Planet》,Join the community for strategies!!
Bitcoin breaks through key resistance, bullish strength is even stronger
In comparison to Ethereum, Bitcoin's current trend is also strong, and it even shows a more direct performance in certain structures.
From the 15-minute level, during the previous decline, the price repeatedly tested around 0.618, forming strong support in the range of 75,400 to 75,500. Later, the market consolidated in this area and gradually started to rebound.
Previously, Bitcoin was under pressure near 78,300 to 78,500, but the price subsequently broke through this level directly and continued to move upward.
Reobserving the current upward structure, we can see that after the market tested key Fibonacci levels, it surged past 2.618 and quickly stabilized at 3.618. Compared to Ethereum, Bitcoin does not experience deep pullbacks after breaking 3.618 and operates more firmly overall.
From the short-term structure, the bulls still hold the initiative.Daily sharing of real-time trading strategies, providing free position diagnostics, liquidation ideas, and practical market insights. Scan to follow the official account.《Bright Star Planet》,Join the community for strategies!!
Daily line reattacking 81,500, weekly triangle starts to gain power
At the daily level, Bitcoin was previously under pressure in the range of 2.618 to 1.618. The price once surged to around 82,200 to 82,800 but eventually closed lower, facing multiple resistances at the 1.618 level.
Now, the price is again launching an attack on this important area.
Currently, the focus should be on the resistance near 81,500. If the daily closes and stabilizes at this level, the overall structure will improve further.
From the indicators, the daily RSI continues to rise, and KDJ also maintains a bullish state. However, the current indicator position is not low, and short-term has shown some signs of slowing down, therefore it is not suitable for blindly chasing highs near resistance levels.
The reason the current market can show strong increases over the weekend is closely related to the structural changes at the weekly level.
Previously, the golden triangle of moving averages on the weekly did not fully gain momentum for a long time, with the price falling slightly below MA5, and there was an expectation of further pullbacks in the market. However, with this round of increases, the price gradually pulled the moving averages up, EMA7 began a golden cross upwards, and EMA55 was also strongly broken through.
Currently, attention needs to be paid to whether the weekly line can close above the EMA55 area. According to the current structure, the weekly golden triangle is approximately located near 79,000, whereas EMA55 is around 78,000.
If the weekly can stabilize and operate above these key moving averages in the future, then the bullish structure will be further confirmed. The final outcome still needs to wait for the observation after the weekly update on Monday.Daily sharing of real-time trading strategies, providing free position diagnostics, liquidation ideas, and practical market insights. Scan to follow the official account.《Bright Star Planet》,Join the community for strategies!!
Daily moving average gap is deep, short-term more suitable for awaiting pullbacks
Although Bitcoin currently has strong bullish force, there are still risks in the short term.
The distance between the MA5 and MA30 on the daily level has become quite deep, and the EMA7 is located around 78,800. Due to the rapid speed of this round of increase, the divergence between price and moving averages has expanded, thus even if it continues to rise later, a short-term correction is still necessary.
However, a deep moving average gap does not necessarily mean that the market will undergo a deep pullback. Sometimes strong markets may only undergo slight adjustments or even consolidate horizontally to wait for the moving averages to catch up.
If in the future, the price can maintain strength, the daily moving averages might gradually form a new bullish golden cross structure, further improving the overall trend.
Therefore, the current judgment on Bitcoin is still leaning towards bullish, but it is not suitable to blindly chase highs at high positions; waiting for a reasonable pullback opportunity is more appropriate.Daily sharing of real-time trading strategies, providing free position diagnostics, liquidation ideas, and practical market insights. Scan to follow the official account.《Bright Star Planet》,Join the community for strategies!!
Four-hour level: Support at 80,500—81,000, resistance at 82,000—82,500
From the four-hour level, Bitcoin's bullish structure is also quite evident.
The previous market fluctuated repeatedly around 1.414 and 1.618, later breaking through key positions and continuing upward. The current price has stabilized near 3.618, and the overall trend is quite strong.
Re-measuring this round of increase, we can see that the price has broken through key levels such as 0.618 and 0.886 and is gradually extending upward. Based on the current structure, the next focus needs to be on the target area near 82,400 to 82,500.
From the trading perspective, two key areas can be highlighted at the four-hour level:
Lower support: 80,500—81,000. If the price pulls back to this range and stabilizes, one can observe the bullish absorption situation.
Upper resistance: 82,000—82,500. As the price approaches this level, one needs to guard against a rise followed by a fall, and observe whether it can break through effectively.
If the price breaks through the 82,000—82,500 area and completes confirmation, it may still open up further upward space; if the price pulls back to 80,500—81,000 and stabilizes, then one can continue to observe the continuation of bullish momentum.
From the four-hour indicators, RSI breaks through and continues to rise, KDJ remains strong, MACD shows bullish expansion and forms a golden cross, and the Bollinger Bands are also opening upwards, with no evident signals of weakening currently.
Additionally, the four-hour EMA moving averages have formed a new golden triangle, which emerged after this round of increase. This indicates that after previous fluctuations and consolidation, the market still has the potential for further development.Daily sharing of real-time trading strategies, providing free position diagnostics, liquidation ideas, and practical market insights. Scan to follow the official account.《Bright Star Planet》,Join the community for strategies!!
One-hour level: Short-term waits for pullbacks, not suitable for chasing highs
The trend at the one-hour level also appears strong, but there has already been some demand for correction in the short term.
Currently, RSI is beginning to fall back for correction, KDJ is also running down again, and MACD shows reduced bullish volume. Although overall trading volume is still good, short-term indicators are no longer suitable for blindly chasing highs.
From the moving average positions, MA5 and MA10 are around 81,000, so short-term emphasis can be placed on observing the pullback situation around the 80,500—81,000 region.
If the price can fall back to this area and stabilize, it may provide a more reasonable observation opportunity.
The current Bollinger Bands are running upwards, with the upper band already near 82,800, indicating that although the price is strong, the short-term is relatively close to the upper band, limiting the space for further chasing highs.
In conclusion, the current thinking on Bitcoin is:
Observe bullish momentum at support during pullbacks, look for continuation after breakthroughs, and temporarily avoid blindly shorting at high positions.Daily sharing of real-time trading strategies, providing free position diagnostics, liquidation ideas, and practical market insights. Scan to follow the official account.《Bright Star Planet》,Join the community for strategies!!
ZEC strong rise, pay attention to pullbacks near 1,500
Besides Bitcoin and Ethereum, ZEC's recent trend is also very strong.
Previously, there was discussion about a double top structure at around the 200s and 100s level, but the price did not break the key neckline and instead gradually formed a strong upward trend. The current price has already reached over 1,580, with both weekly and monthly lines maintaining a clear bullish state.
From the weekly perspective, ZEC has been rising continuously, and although indicators like RSI and KDJ are at high positions, no obvious signs of weakening have been observed for the time being. Even if adjustments occur later, they are likely to happen first through indicator repairs and short-term pullbacks.
The price continues to run upwards after breaking through near 2.618, and the next focus should be on whether the 2.618 position can turn into support. If it can stabilize, the next step will be to observe the target area near 3.618, which is around 2,070.
However, the area near 2,070 is quite far as a target, and it is still necessary to observe whether the market can continue to exert strength.
From the four-hour level, ZEC has already broken through key Fibonacci positions, and continues to rise after consolidating. The current price is fluctuating around near 2.618, and the next key area to focus on is around 1,600—1,630.
If waiting for a pullback, one can focus on observing the area near 1,500—1,530. The ideal pullback position of the four-hour moving average is approximately at 1,470, but this level is relatively far from the current price, so its attainability remains uncertain.
At the one-hour level, ZEC's moving averages are still arranged in a bullish manner, with MA5 around 1,550 and EMA around 1,540. Therefore, even if a short-term pullback occurs, it may not reach a significant depth.
Overall, ZEC remains strong, and it is currently more suitable to observe the absorption situation after pullbacks, rather than blindly chasing highs at elevated positions.Daily sharing of real-time trading strategies, providing free position diagnostics, liquidation ideas, and practical market insights. Scan to follow the official account.《Bright Star Planet》,Join the community for strategies!!
Trading review: Losses need to be faced, discipline remains important
In reviewing recent trades, I also need to confront my own problems in the Bitcoin market.
Previously, Bitcoin's short positions had experienced significant floating profits, and there were several opportunities to take profits and exit, but due to the expectation of further declines and a degree of unwillingness, I ultimately did not lock in profits in time.
Subsequently, the market strongly reversed, resulting in losses on the short positions.
This experience further reminds us that trading is not just about direction judgment; it also involves rhythm, execution, and risk control.
Sometimes direction judgment may not be completely wrong, but if the entry timing is unsuitable or risks are not handled in time, losses may still occur.
I have always emphasized trading discipline; after setting take profits and stop losses, they should not be adjusted casually. Strictly enforcing discipline is meant to control risk, but it is also essential to avoid ignoring market changes due to unwillingness, missed opportunities, or overly adhering to a particular viewpoint.
Subsequent adjustments are still needed in trading rhythm, risk control, and execution of take profits.
The market has ups and downs, and trading also has wins and losses. The important thing is to face issues head-on, summarize timely, instead of letting a single loss affect subsequent judgments.Daily sharing of real-time trading strategies, providing free position diagnostics, liquidation ideas, and practical market insights. Scan to follow the official account.《Bright Star Planet》,Join the community for strategies!!
Summary
Currently, Bitcoin, Ethereum, and ZEC are all in a strong bullish structure.
Ethereum has broken through 2,550 and surged to around 2,646; next, focus on the absorption situation after pullbacks; Bitcoin has broken through key resistance, mainly observing support at 80,500—81,000, and the resistance area at 82,000—82,500; ZEC continues to remain strong, and next, pay attention to pullback opportunities near 1,500—1,530.
However, some cryptocurrencies are already at relatively high levels, especially Bitcoin which is close to the previous high area, indicating that the risk of chasing highs in the short term is increasing. Even if the overall direction is bullish, one should wait for more reasonable positions, judging based on price structure and personal risk tolerance.
A strong market does not mean that one can chase highs unconditionally; the key remains to control risk and wait for opportunities.
Daily sharing of real-time trading strategies, providing free position diagnostics, liquidation ideas, and practical market insights. Scan to follow the official account.《Bright Star Planet》,Join the community for strategies!!
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