Last night's Bitcoin movement was not unexpected—initially rising then falling, precisely confirming our previous judgment. As the US stock market opened, the price shot straight to the 94400 level, and we decisively shorted. The market then dipped to around 91200, providing a quite substantial profit margin. This pullback, frankly, is just a technical correction after the rapid increase earlier, not a sign of weakness. Ethereum followed suit, also earning significantly.

From the daily chart, Bitcoin is now firmly positioned in the middle of the Bollinger Bands, gathering strength. There is still momentum to push for new highs. The recent price dip is actually a buildup of energy. On a smaller timeframe, after a quick recovery following a long bearish candle, this steady pace of advancement is making the support below increasingly solid.

My trading strategy is as follows: When Bitcoin retraces to the 92400-93000 range, it’s a good opportunity to set up long positions, with targets at 94300-95000.