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The wrong direction, effort wasted. This phrase describes people who don't like to follow the trend. Whether long or short, if the plan and strategy are not in place, it's hard to achieve a good outcome. When it rises, go short; when it falls, go long. Following subjective ideas makes it easy to doubt life. What we need to do is follow the trend. Reviewing intraday market movements, during the daytime, Bitcoin repeatedly oscillated around 67,000 to build a bottom, with bulls gathering strength. We repeatedly suggested in the morning and afternoon to go long at any point, precisely capturing the breakout points. Subsequently, the evening session's market erupted as expected, with the price violently surging straight to the 69,449 high. This demonstrates the power of the trend. Regarding positioning, we have been emphasizing buying on dips recently. The market has now given a clear signal: the bulls are once again in control. All our intraday alerts were successfully executed. We entered three low-long positions on Bitcoin, gaining 3,200 points of profit, while Auntie Ta also gained 115 points from Bitcoin positioning simultaneously.
Structurally, the trend remains in a strong upward phase. This upward movement's magnitude and strength can no longer be viewed as a correction pattern but as a continuation after a breakout. Although there is clear resistance above, the support at 67,000 confirms a short-term bottom. The rebound is strong, with the center of gravity moving upward. No significant large bearish breakdown pattern has formed. From a structural perspective, there is still room for upward breakthroughs. The key now is where the market can stabilize. The retracement space at this position can be large or small, depending on the pattern transition—whether it rebounds strongly and recovers or declines gradually. The decision depends on whether the market shows a strong recovery or a downward trend. In lower timeframes, the low-level retracement appears strong. In the early morning, consider going long on dips, observing the continuation strength, and then follow up with swing longs based on the trend.
Bitcoin can be bought around 68,000-68,500, watching the 69,500 resistance level. If broken, the continuation targets around 70,800. Auntie Ta can be bought around 1,980-2,000, with a watch on 2,070. $BTC $ETH