The market never fails to reward long-term believers. Those moments of sedimentation in darkness, and the courage to hold on amid turbulence, will eventually transform into the light that illuminates the path ahead in some cycle. May you calmly accept the unpredictability of ups and downs, while firmly safeguarding the anchor points in your heart, gradually becoming wealthier through the alternation of bulls and bears, and encountering a better version of yourself after transcending cycles. Bitcoin surged and then retraced. In the afternoon, a clear signal indicated that a pullback to around 86500 could be a good opportunity to enter a long position. The strategy has been provided to you; whether you can profit from it depends on yourselves. Regardless of whether the long positions we provided during the afternoon or evening have captured over a thousand points of space, the clear rhythm of the market gives us more confidence in our arrangements. This kind of tug-of-war market tests the human heart, and what’s at stake is your mindset of chasing highs and cutting losses. Rationally view the market, identify the key points, and understand the structure; this is what needs to be done right now!
From the current market perspective, after experiencing a strong surge at the four-hour level, the price quickly retraced all gains and fell back to the starting point, forming a typical washout trend of both bulls and bears. Currently, market dominance has shifted to the bears, but the key support level below has not been effectively broken. In the short term, the market maintains a pressured oscillating pattern. The MACD indicator remains in a weak zone, with the fast and slow lines entering a consolidation pattern, indicating that the direction selection node is approaching. At the hourly level, weak signals have been fully released, the K-line structure has formed a 'head and shoulders' bearish pattern, the Bollinger Bands are opening downwards, and bearish momentum continues to expand, showing a continuous single-sided downward trend. It is important to note that the key support below has not yet been breached; the pullback still has further extension space. In terms of operation, it is recommended to follow the trend for arrangements, but it is essential to strictly set stop-losses.
Operational suggestions:
Large coin: around 85500 for entry, target at 89000
Second coin: around 2780 for entry, target at 3100
