Do not envy those who have made a fortune through luck amidst fluctuations; instead, respect those whose strategies and patience yield compounding returns over time. Investing is not a sprint, but a marathon. Focus on value, ignore the noise, and your position will prove your insight. Reflecting on the midnight bitcoin surge and fall, it once touched a high of 89500, then fell under pressure to a low of 84408, with volatility approaching 5000 points. Ethereum moved in sync, rising to a high of 2997 before falling to a low of 2772, its trend closely mirroring that of Bitcoin.
From the current market perspective, the daily level coin price has effectively broken below the short-term key support range, closing with a solid bearish candle and a long upper shadow, indicating significant selling pressure above. Combined with the market's resonance with interest rate hike fears, a downward trend has been basically established. On the four-hour level, the coin price is still operating within a downward channel, but the current candlestick pattern shows signs of bullish recovery. Although the rebound appears weak due to insufficient volume support, there is a possibility of a technical recovery from the previous over-sell in the short term. In the morning operations, it is recommended to layout based on trends while maintaining flexibility and ensuring proper stop-loss settings.
Bitcoin: Long positions in the 84500-85000 range, target around 87500.
Ethereum: Long positions in the 2780-2810 range, target around 2900.
