Market Analysis - The analysis indicates a potential test of the lower POC (Point of Control) level for Bitcoin [1] - The report suggests that the $VAH$ (Value Area High) line on the 4-hour chart is near, indicating potential support [1] - A break below the immediate support level could lead to a swift downward movement, negating any potential for a rebound [1] Trading Strategy - The analyst suggests waiting for a clear price action signal before entering a long position, rather than preemptively placing orders [1] - The report recommends closely monitoring the price action at the identified support zone; a quick recovery after a dip below this zone could be a buy signal [1] - If the price fails to hold at the identified support zone and breaks below a key candlestick pattern, a short position is recommended [1] Correlation - The analysis points out a high correlation between Bitcoin and Ethereum, suggesting that trading one could be representative of the other [1]

Market Analysis - Bitcoin shows bullish momentum on the daily chart, with a large positive candle yesterday and no signs of a pullback [1] - A minor upper shadow near the previous high indicates some selling pressure, but the trading volume is not particularly high, suggesting no panic buying climax yet [1] - The analysis points to a potential AMD (Accumulation, Manipulation, Distribution) reversal pattern, with a possible run to take out stop-loss orders above a previous high [1] - The current daily level is approaching a previous secondary high, where some traders might sell, anticipating a failure to break higher [1] - A parallel high point suggests a high probability of an upward movement [1] - On the 4-hour chart, an AMD pattern is observed, but a reversal from the current position is deemed unlikely, with increasing positive candles and insufficient selling pressure [1] - The analysis suggests that the previous parallel high is likely to be taken out, with attention then shifting to a potential fake breakout at the ultimate high, which could present a shorting opportunity to hedge existing holdings [1] - The analyst advises against shorting Bitcoin at the current level, as no suitable conditions for shorting are present [1] - Ethereum's momentum is strong, with a pattern of consolidation, breakdown, recovery, and continued upward movement, making it likely to reach a higher level [1] Trading Strategy - Monitor for a potential fake breakout at the ultimate high, which could present a shorting opportunity to hedge existing holdings [1] - Do not short Bitcoin at the current level, as no suitable conditions for shorting are present [1]