The market is like this; even if you are scared inside, you have to muster the courage to face it. If you can hold on through it, good days will come knocking. Don't be timid; opportunities arise every day, the key is to reach out and grab them. Last night, while watching the market, I noticed that Bitcoin surged to 104,000 in the afternoon but showed some weakness, hovering around 102,000 for two hours before slowly climbing back to 103,500. Ethereum is even more tangled, dropping from around 2,380, and only catching its breath at 2,330.
Looking at the 4-hour candlestick chart, this wave of increase seems a bit hollow; the price rose but the indicators did not keep up, and signs of a MACD divergence are appearing. In the short term, it may need to digest some profits—either it will consolidate sideways or it might drop down a bit. But don't panic; it shouldn’t crash drastically, most likely it will be a pullback. At this point, we need to pay close attention to support levels. If Bitcoin can stabilize around 102,000, there will still be opportunities to enter; if it falls below the psychological barrier of 100,000, we need to wait and see.
Next, focus on the strength of the pullback; if it drops sharply to the support level with volume rebound, there’s still a chance to take advantage. Remember not to be greedy in this market; if it rises a lot, take the profit, and if it drops, pick up bargains. Trading back and forth is what makes it worthwhile.
Instead of stumbling forward alone in the dark, it’s better to grab the wings of the strong, let experience pave the way for you, and let perspective help you break through the ceiling! Keep up the pace!
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