The afternoon market movement was a textbook V-shaped reversal. After the market opened in the afternoon, Bitcoin initially continued its weakness, retraced to around 71,700, and hovered, seemingly headed towards 71,000. However, the big players suddenly gained strength, and a large bullish candle broke through the 72,000 and 73,000 levels, with the highest reaching around 73,500 before slowing down. Ethereum moved in the same pattern, initially retracing to the 2,100 level and then rebounding sharply, currently pushing up to around 2,150 and facing resistance. Our long positions set up in the afternoon also exited profitably as expected. We entered longs near 72,300, added on dips around 71,700 to lower the average price, and exited around 72,400. The "second wife" (altcoin) entered longs near 2,100 and exited at 2,150.

Looking at the current market, Bitcoin today did not show a solid candlestick pattern, with the overall intraday trend being sideways. The pullback was a correction after yesterday’s volume spike. The moving averages remain in an upward structure, and the retracement is mainly testing the bottom. The daily chart still shows a typical bullish structure. On the four-hour chart, after the afternoon retracement to the low of 71,700, the price quickly rebounded. The support at the bottom is above 71,400, consistent with our intraday support levels. The market has confirmed a bottom for the further retracement, with Bollinger Bands continuing to expand, maintaining an upward channel. In the short term, there’s no need to chase the top aggressively; operating within the sideways range is advisable.

Bitcoin can be bought in the 71,800-72,300 range, with targets at 73,500-74,000. Altcoins can be bought in the 2,100-2,130 range, with targets around 2,180-2,200. #加密市场上涨 $BTC $ETH