The taste of life is bittersweet; the journey of life is a blend of flavors; after weathering roughness, we understand smoothness; after experiencing storms, we witness rainbows. When facing setbacks, meet them with composure and optimism; when experiencing disappointment, turn around with calm elegance. We must learn to find warmth in coldness, seek light in darkness, savor life as plain as water, appreciate the landscapes of seasonal changes, and walk out our own perfect life. From early morning to morning, the big cake presented a volatile upward rhythm, continuously rallying from the early morning low of 69350, reaching a morning high of 70865, providing over 1000 points of gains from early morning to morning. The thought process was once again perfectly validated, with the wave successfully capturing 1300 points. Ethereum also rallied synchronously to a high of 2167, with the wave perfectly capturing over 40 points of space.
Looking at the current market, trend-wise the market has added oscillation components, but it still cannot change the strength of the bull trend. The daily chart showed a small bearish candlestick that retraced the gains from the previous few trading days, so in the short term we still need continued correction. On the four-hour chart, the bearish momentum has basically ended, the next volume increase still needs accumulation, and the candlesticks have not continuously declined and probed lower. This type of probing is a resisting-decline rhythm. Without much pullback yesterday, we were given a rebound, which also brought the relative value back to its appropriate level. The absence of decline to continue probing downward also indicates that the market still has some bullish momentum, waiting for the bull accumulation phase to end, continuing to look for bull recovery.
Saturday morning, the big cake can go long at 70600-70400, with a wave target around 72500.
Ethereum can go long at 2140-2120, with a wave target around 2300.