Thursday daytime BTC/ETH latest thoughts
Looking back at last night, we first had a smooth ride, just reaching the first stop point before heading south to complete a perfect loop. The thoughts also reminded us to be aware of potential collapses. I don't know how many friends are trapped, but I hope you can break free soon!
First, looking at the 4-hour cycle, the medium-term upward trend is solid. Past retracements have effectively found support at key levels. Currently, the sideways fluctuations accompanied by mild volume expansion represent healthy turnover during the upward trend, providing momentum for future highs.
Next, examining the 1-hour cycle, it shows characteristics of volume increase followed by a pullback and a decrease in volume rebound. Short-term market sentiment is cautious, with a slight demand for corrections. However, this is a healthy trend driven by bulls actively managing their positions, not altering the medium-term upward pattern.
Bitcoin: Around 89000, → 92000.93000;
Ethereum: Around 3150, → 3240.3320
Personal opinion, for entertainment only, not financial investment advice!
