10.13 Early Morning Thoughts
Last week came to an end like this, with fluctuations in shipping conditions rising and falling. Many must have been affected; hard-earned gains turned to nothing in an instant. I've led my friends to positions until my hands were sore, and there are certainly losses, but I can only say they are insignificant compared to the profits. Last night’s fluctuations in the market allowed us to grab quite a few positions again. You might wonder if there were many entries; I think it was quite average. The shipping conditions indeed gave us opportunities, and we seized them.
On the 4-hour chart of Bitcoin, we can also see a significant drop earlier on, hitting a low of 101516 before rebounding. Subsequently, we entered a phase of market speculation. Currently, the Bollinger Bands still show a head structure, but the opening is contracting, suggesting a possible change in the direction of volatility. Although the middle line of the Bollinger Bands exerts some pressure on the price, if we can break through these resistance levels with increased volume, the rebound may extend further. So we continue to watch the market. Of course, sudden surges are often followed by pullbacks; if we face downward pressure, we need to pay attention to the support around the 112500-113000 range. Overall, it leans more towards a weak rebound phase after a decline. I won’t analyze too much; generally, follow Bitcoin's breakout and watch for support around 3900-3950. Friends, manage your losses well; if uncertain, just watch.
Suggestions:
Bitcoin around 113200, target near 116000,
Ethereum around 4060, target near 4300.
For friends looking to enter the market, let me remind you to wait for stability before entering; definitely pay attention to the emergence of a reversal trend!!!
