The final gains and losses are superficially a game with the market, but in reality, they are a struggle with the greedy, fearful, and lucky self within. Every painful review is nourishment for you to become stronger in the future. Investment is the realization of cognition, and the market is the best sharpening stone for honing that cognition.
From the daily structure, although the price has continuously closed lower and the K-line frequently shows upper shadows, this also reflects that the market has begun to face tentative support from bulls amidst the decline. Currently, the Bollinger Bands are in an opening state, and the middle band is descending, forming resistance. However, the expansion of the bands often indicates an increase in volatility and a reaccumulation of momentum, which is usually a signal that the existing trend is nearing its end and a reversal is brewing. Overall, after the concentrated release of bearish strength, the lower space has gradually narrowed, and the market is approaching a key balance area. It is expected to gradually stabilize and build a basis for a reversal. Looking at the 4-hour level, the price has moved out of three consecutive upward candles and is currently stabilizing at the middle band of the Bollinger Bands, moving towards the upper band. The KDJ lines are synchronously turning upward and diverging, further confirming short-term bullish momentum. Overall, the market is strong, and the approach can remain flexible. In the afternoon, it is recommended to focus on a low-buy strategy on pullbacks.
Trading suggestions:
Bitcoin: near 87800-87200 to buy
Target: near 89500
Ethereum: near 2950-2930 to buy
