The price of the coin started a strong surge on Friday night, leaving little room for a pullback. After the upward momentum, the price stalled and experienced a retracement, which caused our long position entered in the early morning to hit the stop loss, resulting in a small loss of 800 points. In contrast, Ethereum continued to gain strength, breaking through 3700. In yesterday's article, we mentioned that Ethereum was targeting 3700, and it coincidentally captured this wave of Ethereum's rise. Although Bitcoin was stopped out, it managed to recover the losses during today's surge. The cryptocurrency market is like this; it won't always go smoothly, and there will always be times of loss. After a loss, one should think about how to recover rather than lamenting, as that will only affect one's mindset.

On the 4-hour chart, after forming a reversal and surge, the price underwent a slight retracement correction, which is a common correction rhythm. The upward trend will not stop just because of a pullback; the retracement correction is also to build momentum for another price surge. Therefore, do not easily change your mindset; it is still important to firmly believe in another price increase. On the hourly chart, a rising trend has formed, and although it hasn't made a strong new high, the current rhythm suggests that the price increase will not easily end. In the short term, Bitcoin and Ethereum have formed a stark contrast; Ethereum is rising while Bitcoin is undergoing a retracement to build momentum. However, after Bitcoin's correction and momentum building, both Bitcoin and Ethereum will continue to move in the same direction. During the weekend, the price will likely remain in a narrow range of fluctuations, so in terms of operations, one can participate in a short-term manner and adjust based on market trends next week.

Buy Bitcoin at 96500-96000, targeting around 98000. Buy Ethereum at 3685-3650, targeting around 3800.

Follow the WeChat public account: Futai Talks Coins for first-hand consulting strategies.

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