As I said earlier, there should be another wave to make everyone even more FOMO. It hasn’t gone completely crazy yet, and the shorts aren’t giving up. Wait for the next wave—an extreme 4H, a D-grade pullback, and the most extreme chance to keep adding longs. At that time, you’ll smash the cup as the signal and go in with a heavy position! Keep 6 months’ living expenses as reserves, and go straight in—find a good position to time it well!!!
For BTC and ETH, on the 4H timeframe they still lean bullish. The main idea remains: pull back, then add longs. Right now the price is accepting retracement at elevated levels, and then probing upward again. After a breakout, the upward structure should be maintained. Opportunities still lie in the pullback that holds under the old high area. Follow the original plan: wait for the level, watch how it’s absorbed/holds, and then arrange participation.
After BTC pulled back to 85070.2, the subsequent four complete 4H candles all held this low. Short-term sell pressure got absorbed. More importantly, after the breakout through the old high zone at 81930—82279.9, there were ten consecutive closes staying above it. The closes also stayed above the EMA20 and EMA50 in a bullish alignment. This price action looks more like high-level digestion after an upmove: local absorption and the main breakout structure are still in place.
Volume is currently the weak point. Over the last six candles, total volume is only about 52% of the volume of the previous six candles, and the latest candle is also less than half of the average volume of the most recent 20. During the rebound, trading has cooled down; the strength pushing upward is weak. The main resistance above is still 87374.3. Next, focus on how the sell pressure near the prior highs is digested.
The main BTC long-setup observation zone remains 81930—82279.9, based on the two major wave high points. 85070.2 marks the local absorption point of this pullback. Once the price returns to the main observation zone, you still need to see absorption before entering the plan to add longs. For now, keep waiting for a pullback opportunity within the plan.
ETH is also still leaning bullish. After the pullback, the next four consecutive closes kept lifting the price. Price remains above the old high zone at 2667.35—2672.54. However, the last six candles’ trading volume has shrunk to about 62% of that of the prior six candles. During the repair, volume is also weak. The main opportunity still looks to be the pullback absorption in this breakout zone. First, watch 2806.96 above.
Defense rules remain the same as before: as long as there are continuous 4H closes below 81930 and 2667.35, respectively, then the corresponding long-setup observation plans are cancelled. Those two observation zones still lack an independent defense structure after a retest. In practice, any new position should be based on a 4H-anchored hard stop loss set in advance. If price hits the level, execute immediately—do not wait for the close to substitute for the stop.
$BTC $ETH
For BTC and ETH, on the 4H timeframe they still lean bullish. The main idea remains: pull back, then add longs. Right now the price is accepting retracement at elevated levels, and then probing upward again. After a breakout, the upward structure should be maintained. Opportunities still lie in the pullback that holds under the old high area. Follow the original plan: wait for the level, watch how it’s absorbed/holds, and then arrange participation.
After BTC pulled back to 85070.2, the subsequent four complete 4H candles all held this low. Short-term sell pressure got absorbed. More importantly, after the breakout through the old high zone at 81930—82279.9, there were ten consecutive closes staying above it. The closes also stayed above the EMA20 and EMA50 in a bullish alignment. This price action looks more like high-level digestion after an upmove: local absorption and the main breakout structure are still in place.
Volume is currently the weak point. Over the last six candles, total volume is only about 52% of the volume of the previous six candles, and the latest candle is also less than half of the average volume of the most recent 20. During the rebound, trading has cooled down; the strength pushing upward is weak. The main resistance above is still 87374.3. Next, focus on how the sell pressure near the prior highs is digested.
The main BTC long-setup observation zone remains 81930—82279.9, based on the two major wave high points. 85070.2 marks the local absorption point of this pullback. Once the price returns to the main observation zone, you still need to see absorption before entering the plan to add longs. For now, keep waiting for a pullback opportunity within the plan.
ETH is also still leaning bullish. After the pullback, the next four consecutive closes kept lifting the price. Price remains above the old high zone at 2667.35—2672.54. However, the last six candles’ trading volume has shrunk to about 62% of that of the prior six candles. During the repair, volume is also weak. The main opportunity still looks to be the pullback absorption in this breakout zone. First, watch 2806.96 above.
Defense rules remain the same as before: as long as there are continuous 4H closes below 81930 and 2667.35, respectively, then the corresponding long-setup observation plans are cancelled. Those two observation zones still lack an independent defense structure after a retest. In practice, any new position should be based on a 4H-anchored hard stop loss set in advance. If price hits the level, execute immediately—do not wait for the close to substitute for the stop.
$BTC $ETH
