This point marks the end of a busy day, and recently, it's been almost like this state, but it does not affect the analysis and judgment of the overall market trend. The market sense is still online, and the ups and downs are all expected. The price level prompts are also quite accurate.
Bitcoin has dropped more than 10,000 points from 97,000. This pullback belongs to a dull knife cutting meat; it’s not so direct, but it is indeed a significant pullback, allowing everyone to enter the first position around 88,000. A couple of days ago, it was expected to reach around 85,000, but the lowest point was 86,000, which stopped the decline, and Ethereum rebounded all the way. However, this is merely a rebound, not a reversal. Bitcoin still has a trend towards around 85,000, so we must patiently wait for this moment to arrive.
Ethereum is completely in line with our expectations, allowing everyone to buy around 2,780. The lowest point reached 2,784, which was also a quite accurate reminder. Now, after the rebound, there is still a trend for a pullback, so take profits first to secure gains, and after selling, set the entry point around 2,820.
A few days ago, RIVER advised everyone to give it up, whether shorting or going long; it's almost an unsolvable problem. The main force has changed its funding from 4 hours to 1 hour, and the high-level sideways movement is slowly draining the blood of the bears. The temporary profits of the bulls may also be wiped out by the sudden crash, which is even more a case of losing more than gaining. Trading is not gambling; investment needs to be rational. The market is sluggish, so let’s send everyone a red envelope to cheer them up.
Good evening, brothers. Today is Sunday, and I initially thought there would be significant fluctuations, but it turns out that the market for the bad stocks isn't open. I estimate that the fluctuations in the cryptocurrency market tonight won't be large either, so let's just rest well this evening.
The market conditions during the day can still be used as a reference. As long as the Bitcoin daily level doesn't drop below 93, the bullish trend remains intact. This is just a normal correction at the 4-hour level. If the 4-hour level closes above 958, this correction will end, and the market will continue to rise. We only need to pay attention to these two positions during the day!
$BTC Monday is coming soon, in the short term, the big pie will go to 98000 once again and then rise into a short bear to 70k, the opportunities left for us are few.
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