Before the market opens, the Nasdaq surged like it was injected with adrenaline, rising 0.8%, and the S&P followed suit with a 0.4% increase, dragging Bitcoin and Ethereum along for a secret boost! Is someone already itching to bottom-fish? Don't rush into it just yet; today's article is packed with valuable insights from the heart, so read it before deciding whether to enter the market. Don't end up being the 'bag holder' again!
Those who are familiar with me know that I never deal in the abstract; analyzing the market requires the most practical logic. First, it must be clear that the movements of US stocks, especially technology stocks, have always had a significant impact on our crypto space, as many institutional funds flow across these two markets. The strong performance of US stocks before the market opens essentially represents a release of market sentiment, which can easily transmit to the crypto market with a higher risk appetite. Therefore, it's expected that Bitcoin and Ethereum would rise, but this does not mean that the market has completely bottomed out!
The key point is here, pay attention! Whether this wave of increase can be stabilized depends on two core levels, which I have been closely monitoring as my 'lifeline'. For Bitcoin, it must firmly stand above 2910, and there must be an effective breakthrough, not just a fleeting false breakout—what is an effective breakthrough? Simply put, it means that after standing firm, the pullback should not fall below this level, and the trading volume should keep up; only then can it be considered as having real support. As for Ethereum, the level of 88000 is even more crucial, after all, Ethereum's fluctuations are usually more intense than Bitcoin's. If it cannot stabilize at this level, it is very likely that a pullback will follow.
Speaking of this, I am sure some family members will ask, 'Has the market bottomed out?' My personal view is very clear: No! There is no confirmation! Don't rush in just because the market is up. We need to be rational. The current market, to put it bluntly, is just a 'emotion-driven short-term rebound', not a true bottom reversal. Why do I say this? First, the trading volume has not kept up; this wave of increase feels more like a 'game of existing funds', without new incremental funds entering the market, the upward trend cannot last long. Second, there has not yet been a clear bottom signal, such as a significant increase in volume or key indicators like bottom reversal patterns are still missing. Judging that the bottom has been reached based solely on an emotion-driven increase is rather hasty.
My operational advice for everyone is very simple, just eight words: observe more, act less, wait for confirmation. For those who are in cash, do not rush to bottom-fish; the risk of entering now is too high. It's better to wait until Bitcoin stands firm above 2910 and Ethereum above 88000 before trying a small position. This way, the probability of success will be much higher. For those holding positions, don't be greedy. If it reaches a key resistance level and fails to break through, reduce your position. Don't hold on to the hope of 'what if it goes up'; the market will not show mercy. Remember this: It's better to miss out than to make a wrong move; preserving your capital is the key!
I actually understand everyone's desire to make money, after all, who doesn't want to share a piece of the pie in the market? However, it's during these times that we must remain calm. The market is never short of opportunities; what is lacking are those who can control their desires. I will continue to closely monitor the breakthrough situation of these two key levels, and will share any updates in the comments section as soon as possible, along with my real-time operational thoughts.
For those who haven't followed yet, hurry up and follow me! Otherwise, when the market moves, you won't be able to find me, and missing the precise levels could lead to significant losses! Follow me @链上标哥 so you won't get lost! Let's navigate the market together, minimizing detours and maximizing small profits! I will also share more exclusive analysis techniques in the future, so following me is definitely the right choice!
