Bitcoin's bottom was tested today and stabilized, then it oscillated and surged, with bullish momentum continuously releasing. The price rose from lows to around 62,200, maintaining a strong upward trend in the short term. Yesterday afternoon, we provided an early short strategy in the 60,700 range, entering the market at 61,100, and taking partial profits at 60,600, netting nearly 500 points. Later that night, as Bitcoin's bullish momentum strengthened, we again positioned long at 60,700, and exited in the afternoon at 62,100, capturing over 1,400 points, with overall profits close to 20k USD, perfectly achieving both long and short gains. The market changes rapidly, but our strategies are always pre-positioned, and our direction has never deviated. Opportunities always favor those who are prepared; not everyone can hold positions steadily, keep pace, or adjust their direction. To consistently profit in the market, you must monitor the charts in real-time, follow the trend closely, and dedicate more focus and effort than others. After all, there’s no such thing as waking up and winning effortlessly unless you’re on a reliable ride.
From the current technical structure, since Bitcoin stabilized above 60,300, it has broken out of the previous narrow-range consolidation pattern and entered a clear bullish trend. The price initially rose slowly with small candles, digesting previous selling pressure, then a full-bodied large bullish candle broke through key resistance with volume, officially signaling the start of a bullish market. Although there were brief retracements with some bearish candles, the lows kept rising, and the highs kept moving higher. Each dip was quickly supported by buying, without breaking the midpoint of the large bullish candle, forming a typical upward channel structure. The moving averages are aligned in a bullish formation, with the price always above the short-term averages. The support levels move upward with the trend. This main upward wave was accompanied by significant volume, indicating strong market participation and continuation of upward momentum. In the afternoon, I suggest a bullish outlook.
In the afternoon, I recommend watching Bitcoin around 61,800-61,300 for a bullish move, targeting near 63,300. For Ethereum, look at 1,590-1,570 for a long position, with a target near 1,660.