Sure enough, the price movement trend once again matches our expectations. After yesterday’s pull-up, I asserted that the rally wasn’t over yet, so I provided the idea of going long directly at the current price. The price movement surged again last night and reached the 76,000 area. Our long setup once again delivered strong gains—Bitcoin gained over 2,000 points, and Ethereum gained over 100 points. The strong rally in Bitcoin was entirely within expectations; the approach has already been laid out clearly, plainly, and it’s just about feeding the profit straight into your mouth. With the current pace—if you’re still hesitant and undecided, then I can only say you deserve to lose.

On the daily chart structure, as the market once again breaks higher strongly, the pattern of consecutive bullish candles continues. So, based on this pattern’s cycle, we continue to look for a bullish close to extend today. The overall upward tone is still being maintained. It’s just that on the short-term side, what started as a low-level rebound has now shifted into a rebound in progress. Along with consolidation and pullback for accumulation of strength, the pullback this morning stayed above 74,500, and it is still holding defense at the minor cycle’s lower lows. In terms of positioning and layout, we still stick to our usual long approach: go long directly around the early-morning pullback low near 74,500, and continue to look for the breakout to extend higher. On the 4-hour chart, it’s an upward oscillation channel with the middle band as the stepping-stone. The 4-hour pattern still looks bullish. Today’s minor low is the critical point; the breakthrough level is the support. The late-night close was near the highs, so today will most likely first continue to move higher. At the moment, the upside space may not be much, but with continual probing, breaking above the highs is only a matter of time.

On Thursday morning, Bitcoin is expected to go long around 74,700-74,500, targeting 76,500. Ethereum is expected to go long around 2,340-2,320, targeting 2,450.