Contract trading in the crypto world is a game against yourself. Greed and fear are your biggest enemies 🔥 Don't fantasize about 'holding on a bit longer' during a surge, and don't panic and cut losses blindly during a drop — the market specializes in treating all forms of disobedience. Accepting losses is a necessary lesson, and after a liquidation, don't rush to revenge-style averaging down; first, calm down and review. Remember: 80% of the time should be spent waiting; enduring loneliness is essential to seize real opportunities. Don't let the dream of getting rich ruin you; going all in feels good for a moment, but it leads to a zero-sum funeral. Trading is a practice; remain humble during profits and don't collapse during losses. Continuously improving your strategy every day is the key. Ultimately, the winner is not the smartest person, but the most calm and disciplined one 💪 Maintain your mindset to survive and earn steadily in the crypto world! This morning, Bitcoin experienced a small surge in bullish momentum, stabilizing above 96,000. The bullish takeover has brought a nice upward movement, and our long position at 96,300 that we set up this morning successfully took profit with over 800 points of space. Ethereum also gained over 30 points, and the price has currently retraced to around 96,600.
From the hourly perspective, BTC is currently running below the middle band of the Bollinger Bands at 96,612, with the upper band at 97,265 creating resistance against the price of 96,623, indicating insufficient short-term rebound momentum. The KDJ indicator shows signs of a death cross, with the J line quickly falling below, suggesting that after the overbought correction, bears have the advantage. The MACD histogram remains in negative territory, with the DIFF and DEA lines diverging below zero, indicating that the downward momentum has not fully released. If the price cannot stabilize above the middle band, it may test the support area of 95,500-95,000 again, and breaking below will accelerate the decline.
Operational suggestions:
- Aggressive traders may try shorting at the current price with a stop loss above 97,300.
- Conservative traders should wait for a rebound to around 97,000 to see if it faces resistance before entering.
- Target levels to watch are 95,500/94,500 (if it breaks down with volume, you can pursue shorts).
⚠️ Note: The 4-hour level is still in a consolidation range, so be cautious of the risk of spike rebounds.
