Wednesday Bitcoin and Ethereum summary and Thursday market analysis

There are no efforts that go to waste, nor are there successes that happen by chance. Everything that seems unintentional is actually the result of a natural progression.

Looking back at the intraday trend, it broke below the 100,000 mark in the early morning before recovering, facing resistance at the 102,000 mark for a second retest of the low before making a strong rebound, currently operating above the 103,000 mark.

In terms of intraday strategy, breaking below the 100 mark continues to target 98,000 as mentioned in the article and live broadcast, so after breaking down, we decisively looked for bearish continuation, capturing another bearish tail; touching the weekly support area led to a rebound, and in the morning, we focused on a short position around 101,500 to capture another drop, gaining over 2,000 points of space. A double bottom pattern led to a rebound, and in the afternoon, the strategy shifted to a long position around 101,400, gaining another 2,000 points in the evening. Whether short or long, each time has been a pre-planned layout, consistently on the winning path.

Currently, the market is experiencing a short-term dip and rise with slow upward movement. It has stabilized above the 102,000 mark, so the evening strategy will continue to maintain a bullish outlook with a low long position. Relying on the support near 102,000 for upward movement, we will focus on the breakthrough of the resistance around 104,500; a stable breakthrough here will completely open up the space, otherwise, we will continue to experience oscillation and pullback as the main trend.

Bitcoin, buying on the pullback in the 102,400-103,000 range, targeting 105,000;

Ethereum, buying on the pullback in the 3,350-3,380 range, targeting 3,550. #加密市场回调 $ETH $BTC