Evening market continues with increased volume pushing higher. The afternoon pullback also synchronized to provide everyone with ideas to continue laying out long positions. Not sure how many friends followed our strategy and caught this trade. From afternoon to evening, the market gradually increased volume breaking through the 72000 line. Currently, the price maintains oscillation above 72000, with the overall price running range shifting upward, which is also consistent with the ideas we discussed in our morning live broadcast, with the market recovering and consolidating above 72000. Ethereum surged higher in early trading, but the market movement was relatively weak. In the evening, it pulled up to around 2130. We exited our long positions laid at 2100 intraday after gaining about 30 points.

From a daily structure perspective, the price tested and recovered near the upper Bollinger Band for consolidation, showing a strong structure. There is a possibility of breaking recent highs after the V-shaped bottom. As the market continues to recover, the Bollinger Band continues to show an expanding pattern, with the potential for bulls to continue after US stocks open in the evening. Combining with the 4-hour chart, six consecutive bull candles test and recover, the price overall opens up a certain upward channel opportunity. Currently, the market is in a stage of continuous probing. It is still inadvisable to easily go short now. Currently, the support structure at the bottom is at the 71000 level. If a pullback does not break below this level, it remains an opportunity for our long positions. In terms of operations, wait for pullbacks to continue laying out long positions. The focus in the coming market is to watch if the market gradually moves higher and can recover and stabilize at the 72000 level.

Bitcoin can go long at 71000-71500, targeting 72600-74000. Ethereum can go long at 2100-2120, targeting 2150-2200. $BTC $ETH