Last night, Bitcoin continued to rise slightly with a modest increase; the upside was not very obvious. There are clear signs of heavy pressure and a pullback. From the current perspective, the top has basically formed at this stage of this week. Afterwards, it may continue to fall toward the target profit level we mentioned in the livestream.
After yesterday’s Bitcoin successfully filled the additional position at 645, the average entry price was raised to 640. As for Ethereum, it still hasn’t reached our additional entry price by a large margin; the buy wasn’t completed. However, Ethereum has now pulled back to around our cost basis. Overall, the price action is completely in line with our expectations. Next, it’s a test of patience.
Getting in now is still an opportunity. Over the next few days, it should gradually consume the gains from yesterday’s rally. In a market with low liquidity, the conditions remain very stable—there won’t be any major trend reversals caused by sudden changes. Make friends with time, and use time to create space for upside!