The direction is wrong, effort is in vain. If the market makes you angry, it indicates that you still lack the ability to control it. When the market is volatile, you want a one-sided trend, and when it's one-sided, you want a reversal. Your habits will be your greatest weakness. Don't always go against the market. Summarize your experiences. Temporary losses don't mean anything. Experience comes from accumulation. A good analyst will help you avoid many detours.

Thursday early morning Bitcoin and Ethereum market analysis and daily summary

On Wednesday, the intraday Bitcoin trend showed a fluctuating upward trend, quickly retreating after a night-time peak. After a narrow consolidation around the 87500 line in the morning, it rebounded to a high of 90360 in the evening but faced resistance, subsequently entering a deep correction, with a minimum touch around 86128 at midnight. Ethereum's trend synchronized with Bitcoin, rebounding from a low point of 2942 in the morning to 3030 before facing downward pressure, with a minimum drop to around 2832 at midnight. Throughout the day, Lao Tian relied on market fluctuations, making a total of 4 Bitcoin and 3 Ethereum long positions, where Bitcoin captured a total of 3731 points of space and Ethereum captured 100 points of space. The midnight long positions hit stop-loss during a rapid drop, with Bitcoin stop-loss at 639 points and Ethereum stop-loss at 30 points.

From the market perspective, the four-hour level shows that the market has returned to the white disk fluctuation range, quickly retreating to the starting point after peaking at night, forming a dual sweep pattern. Currently, bears temporarily dominate, but the strong correction has not broken the previous low support at the 86000 line, indicating a potential for a rebound in the short term. MACD is below the zero axis, showing a golden cross state, with green volume continuously shrinking, and the short-term bearish momentum is relatively strong. The one-hour Bollinger Bands are opening downward, with space below opening up, and bears continue to increase, showing a continuous downward trend, but the key support has not yet been lost, indicating a technical rebound demand in the short term as well. Therefore, at midnight, 86000 is still regarded as the short-term bull-bear dividing line; if it breaks, it will shift to a bearish outlook. In early morning operations, Lao Tian suggests still focusing on long positions above the support level.

Operation suggestion:
Bitcoin around 85700-86200 can be long, focusing on 88000
Ethereum around 2800 to 2830 can be long, focusing on 2920
#加密市场观察