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After the early morning analysis, the highest price was around 71,300. The price moved directly higher without giving an opportunity to retrace for entry. Instead of waiting too long, we chose to enter the market directly. Bitcoin only gained about 700 points, while Ethereum gained around 30 points again. Market volatility gradually decreased, and the space for adjustment should follow the market fluctuations. After all, holding the position is the most realistic approach. Don't say you should have exited at that time or done something differently; once the market moves, discussing what should have been done is meaningless.
In the early morning summary, we also discussed the market's trend pattern and rhythm. The market has been relatively unchanged overnight. In the short term, the price remains within a range, oscillating without breaking higher or continuing lower. Such a rhythm is actually the best for participation. Even if you didn't buy at the high or low, capturing a 500-600 point range is still good, which is a quick way to accumulate positions. Regarding the trend pattern, the price is still probing for a bottom, but the retracement space has become much smaller. Overall, the market is still moving higher after the bottom, so we continue to adopt the retracement strategy during midnight.
In the early morning, Bitcoin ranged from 69,800 to 69,400, with a focus on 71,500; Ethereum ranged from 2,040 to 2,010, with a focus on 2,120.